Equinox Gold (TSE:EQX) Rating Increased to Strong-Buy at Cibc Captl Mkts

Equinox Gold (TSE:EQX) was upgraded by Cibc Captl Mkts from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on EQX. Stifel Nicolaus raised their target price on Equinox Gold from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Monday, January 26th. Cormark reduced their price objective on Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. CIBC upgraded Equinox Gold from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$21.50 to C$31.00 in a research report on Wednesday. TD Securities increased their target price on shares of Equinox Gold from C$21.00 to C$26.00 in a report on Thursday, January 22nd. Finally, Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Three analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$24.86.

Equinox Gold Trading Up 1.5%

Shares of Equinox Gold stock opened at C$20.90 on Tuesday. 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 12-month low of C$7.71 and a 12-month high of C$23.49. The company has a market capitalization of C$16.40 billion, a price-to-earnings ratio of 209.00 and a beta of 2.32. The firm’s 50-day moving average price is C$20.10 and its two-hundred day moving average price is C$15.98.

Equinox Gold (TSE:EQX) last issued its earnings results on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. The company 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, analysts forecast that Equinox Gold will post 1.3865979 earnings per share 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.