Equinox Gold (TSE:EQX) Price Target Raised to C$26.00

Equinox Gold (TSE:EQX) had its price objective upped by investment analysts at National Bank Financial from C$25.00 to C$26.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 12.41% from the stock’s current price.

Several other research analysts have also commented on the company. 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. Canadian Imperial Bank of Commerce lowered shares of Equinox Gold from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$31.00 to C$26.50 in a research note on Thursday, February 5th. Cormark dropped their target price on shares of Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. BMO Capital Markets lifted their price target on shares of Equinox Gold from C$18.00 to C$20.00 in a report on Thursday, November 6th. Finally, TD Securities boosted their price objective on shares of Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$25.07.

Equinox Gold Stock Down 0.5%

Shares of Equinox Gold stock traded down C$0.12 during trading on Friday, reaching C$23.13. The company had a trading volume of 1,448,732 shares, compared to its average volume of 2,876,264. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. Equinox Gold has a fifty-two week low of C$7.71 and a fifty-two week high of C$24.17. The firm’s fifty day moving average is C$20.47 and its 200-day moving average is C$16.89. The company has a market cap of C$18.15 billion, a price-to-earnings ratio of 231.30 and a beta of 2.32.

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.