Equinox Gold (TSE:EQX) Given a C$24.00 Price Target by Stifel Nicolaus Analysts

Equinox Gold (TSE:EQX) has been assigned a C$24.00 price target by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 24.80% from the company’s previous close.

A number of other equities research analysts also recently commented on EQX. Royal Bank Of Canada raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, September 10th. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. CIBC raised their price target on Equinox Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Finally, National Bankshares upped their price objective on Equinox Gold from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$22.40.

Equinox Gold Stock Performance

Shares of EQX opened at C$19.23 on Tuesday. The stock has a 50-day simple moving average of C$16.66 and a 200-day simple moving average of C$12.37. 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 stock has a market capitalization of C$15.09 billion, a PE ratio of 192.30 and a beta of 2.41. Equinox Gold has a 1 year low of C$7.13 and a 1 year high of C$19.97.

Equinox Gold (TSE:EQX) last released its earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$1.14 billion for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. On average, analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current fiscal year.

Insider Transactions at Equinox Gold

In other Equinox Gold news, insider David Chester Schummer acquired 9,100 shares of the stock in a transaction on Thursday, September 11th. The shares were bought at an average cost of C$15.20 per share, with a total value of C$138,320.00. Following the transaction, the insider owned 168,222 shares of the company’s stock, valued at approximately C$2,556,974.40. This trade represents a 5.72% increase in their position. Also, Director Blayne Barry Johnson sold 105,000 shares of Equinox Gold stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total transaction of C$1,565,550.00. Following the completion of the transaction, the director owned 1,706,616 shares in the company, valued at approximately C$25,445,644.56. This represents a 5.80% decrease in their ownership of the stock. 6.40% of the stock is currently owned by insiders.

About Equinox Gold

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.