Equinox Gold (TSE:EQX) Price Target Raised to C$31.00

Equinox Gold (TSE:EQX) had its target price lifted by Stifel Nicolaus from C$25.00 to C$31.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

EQX has been the subject of several other reports. BMO Capital Markets lifted their price target on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Cibc Captl Mkts cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Cormark lowered their price target on shares of Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, Royal Bank Of Canada upped their target price on shares of Equinox Gold from C$19.00 to C$25.00 in a report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$25.07.

Equinox Gold Stock Performance

TSE EQX opened at C$20.50 on Tuesday. The firm has a market cap of C$16.09 billion, a P/E ratio of 205.00 and a beta of 2.32. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The company’s 50 day moving average is C$20.25 and its 200-day moving average is C$16.43. Equinox Gold has a 12-month low of C$7.71 and a 12-month high of C$23.49.

Equinox Gold (TSE:EQX) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 earnings per share 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. Sell-side analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current 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.