Stifel Nicolaus Issues Positive Forecast for Equinox Gold (TSE:EQX) Stock Price

Equinox Gold (TSE:EQX) had its price objective upped by research analysts at Stifel Nicolaus from C$24.00 to C$25.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 10.77% from the stock’s current price.

Several other brokerages also recently weighed in on EQX. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. BMO Capital Markets boosted their target price on Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Cormark reduced their price target on shares of Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. TD Securities lifted their price target on shares of Equinox Gold from C$21.00 to C$26.00 in a report on Thursday. Finally, Cibc Captl Mkts downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$23.50.

Equinox Gold Price Performance

Shares of Equinox Gold stock traded up C$0.42 on Monday, reaching C$22.57. 2,800,898 shares of the stock were exchanged, compared to its average volume of 2,591,266. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The firm has a market cap of C$17.71 billion, a PE ratio of 225.70 and a beta of 2.69. The firm’s 50 day moving average is C$19.53 and its 200-day moving average is C$15.32. Equinox Gold has a one year low of C$7.71 and a one year high of C$23.49.

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

About Equinox Gold

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.