Equinox Gold (TSE:EQX) Posts Quarterly Earnings Results

Equinox Gold (TSE:EQX) posted its earnings results on Wednesday. The company reported C$0.48 earnings per share (EPS) for the quarter, FiscalAI reports. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%.

Equinox Gold Stock Performance

Shares of Equinox Gold stock traded down C$0.21 during trading hours on Friday, reaching C$23.04. 2,403,322 shares of the stock traded hands, compared to its average volume of 2,905,860. The company has a 50 day moving average price of C$20.47 and a 200 day moving average price of C$16.89. Equinox Gold has a one year low of C$7.71 and a one year high of C$24.17. 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 firm has a market capitalization of C$18.08 billion, a price-to-earnings ratio of 230.40 and a beta of 2.32.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQX. Royal Bank Of Canada raised their price objective on shares of Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Stifel Nicolaus increased their target price on shares of Equinox Gold from C$25.00 to C$31.00 in a research note on Tuesday, February 10th. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. National Bank Financial upped their price target on shares of Equinox Gold from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday. Finally, BMO Capital Markets increased their price objective on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Equinox Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$25.07.

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.