Cormark Cuts Equinox Gold (TSE:EQX) Price Target to C$21.00

Equinox Gold (TSE:EQX) had its price objective dropped by stock analysts at Cormark from C$22.50 to C$21.00 in a research note issued on Tuesday,BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 10.94% from the company’s current price.

EQX has been the topic of several other research reports. Royal Bank Of Canada lifted their target price on shares of Equinox Gold from C$19.00 to C$25.00 in a report on Wednesday, December 10th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. TD Securities upped their target price on Equinox Gold from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus set a C$24.00 target price on Equinox Gold and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$23.07.

Equinox Gold Trading Down 1.5%

EQX stock traded down C$0.29 during trading on Tuesday, reaching C$18.93. 1,444,566 shares of the stock traded hands, compared to its average volume of 2,092,442. The firm has a market capitalization of C$14.86 billion, a PE ratio of 189.30 and a beta of 2.58. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The business’s 50 day moving average price is C$17.34 and its 200-day moving average price is C$12.98. Equinox Gold has a 52-week low of C$7.13 and a 52-week high of C$20.78.

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

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.