Equinox Gold Corp. (TSE:EQX) Given Average Recommendation of “Moderate Buy” by Analysts

Equinox Gold Corp. (TSE:EQX) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$25.07.

EQX has been the subject of a number of research reports. Cormark decreased their price target on Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. TD Securities increased their target price on Equinox Gold from C$21.00 to C$26.00 in a report on Thursday, January 22nd. Stifel Nicolaus lifted their target price on Equinox Gold from C$25.00 to C$31.00 in a research report on Tuesday, February 10th. BMO Capital Markets upped their price target on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada raised their price objective on Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th.

Equinox Gold Trading Up 8.4%

TSE EQX opened at C$23.25 on Friday. The company has a market capitalization of C$18.25 billion, a price-to-earnings ratio of 232.50 and a beta of 2.32. 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 has a 12 month low of C$7.71 and a 12 month high of C$23.49. The company’s fifty day moving average price is C$20.47 and its two-hundred day moving average price is C$16.89.

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.