Equinox Gold (TSE:EQX) Raised to Strong-Buy at Stifel Canada

Equinox Gold (TSE:EQX) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

EQX has been the subject of a number of other reports. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. National Bankshares increased their price target on Equinox Gold from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. TD Securities boosted their price target on Equinox Gold from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Tuesday. CIBC increased their price target on Equinox Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, Equinox Gold currently has a consensus rating of “Buy” and a consensus price target of C$22.40.

Equinox Gold Stock Up 0.9%

EQX stock opened at C$19.68 on Monday. The business’s 50-day simple moving average is C$16.57 and its 200 day simple moving average is C$12.32. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. Equinox Gold has a twelve month low of C$7.13 and a twelve month high of C$19.97. The company has a market cap of C$15.44 billion, a PE ratio of 196.80 and a beta of 2.41.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$1.14 billion during the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. On average, research analysts anticipate that Equinox Gold will post 1.3865979 earnings per share for the current year.

Insider Transactions at Equinox Gold

In related news, Director Blayne Barry Johnson sold 105,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the completion of the transaction, the director directly owned 1,706,616 shares of the company’s stock, valued at approximately C$25,445,644.56. This trade represents a 5.80% decrease in their position. Also, insider David Chester Schummer acquired 9,100 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average cost of C$15.20 per share, for a total transaction of C$138,320.00. Following the acquisition, the insider directly owned 168,222 shares in the company, valued at C$2,556,974.40. This represents a 5.72% increase in their position. 6.40% of the stock is owned by company insiders.

About Equinox Gold

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.