Equinox Gold Corp. (TSE:EQX) Receives Average Recommendation of “Buy” from Analysts

Shares of Equinox Gold Corp. (TSE:EQX) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$22.79.

A number of brokerages recently commented on EQX. Cibc Captl Mkts cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. National Bankshares lowered their price target on shares of Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. CIBC cut shares of Equinox Gold from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$23.00 to C$21.50 in a research note on Tuesday, December 16th. Stifel Canada raised Equinox Gold to a “strong-buy” rating in a research note on Monday, December 1st. Finally, TD Securities increased their target price on Equinox Gold from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd.

Equinox Gold Stock Performance

EQX opened at C$19.84 on Monday. Equinox Gold has a 1-year low of C$7.71 and a 1-year high of C$21.03. The stock has a market cap of C$15.57 billion, a P/E ratio of 198.40 and a beta of 2.69. The stock’s 50 day simple moving average is C$19.17 and its 200 day simple moving average is C$14.85. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%.The company had revenue of C$1.14 billion for the quarter. As a group, equities analysts anticipate that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap‐leach and carbon‐in‐leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development‐stage and advanced exploration properties across North and South America.