Equinox Gold (TSE:EQX) Stock Price Expected to Rise, TD Securities Analyst Says

Equinox Gold (TSE:EQX) had its price target increased by TD Securities from C$21.00 to C$26.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 18.61% from the company’s current price.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada lifted their target price on Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. Cibc Captl Mkts lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. CIBC downgraded shares of Equinox Gold from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from C$23.00 to C$21.50 in a research report on Tuesday, December 16th. Cormark dropped their price target on shares of Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus set a C$24.00 price objective on shares of Equinox Gold and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Equinox Gold presently has an average rating of “Buy” and an average target price of C$23.36.

Equinox Gold Stock Performance

TSE:EQX traded up C$1.38 during trading hours on Thursday, reaching C$21.92. 2,019,808 shares of the company’s stock were exchanged, compared to its average volume of 2,486,320. 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$17.20 billion, a price-to-earnings ratio of 219.20 and a beta of 2.69. Equinox Gold has a 1-year low of C$7.71 and a 1-year high of C$22.12. The company has a 50-day moving average of C$19.37 and a 200 day moving average of C$15.07.

Equinox Gold (TSE:EQX) last announced its earnings results 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. Research analysts anticipate that Equinox Gold will post 1.3865979 EPS 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.