Equinox Gold (TSE:EQX) Stock Price Expected to Rise, National Bankshares Analyst Says

Equinox Gold (TSE:EQX) had its target price boosted by research analysts at National Bankshares from C$23.00 to C$28.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 41.13% from the stock’s current price.

Several other equities research analysts also recently weighed in on EQX. Cibc World Mkts raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Stifel Nicolaus set a C$24.00 target price on Equinox Gold and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Stifel Canada upgraded Equinox Gold to a “strong-buy” rating in a research note on Monday, December 1st. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. Finally, CIBC lifted their price objective on Equinox Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Three research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$23.67.

Equinox Gold Price Performance

EQX opened at C$19.84 on Tuesday. The firm has a market cap of C$15.57 billion, a PE ratio of 198.40 and a beta of 2.58. The stock has a 50-day moving average price of C$17.07 and a 200-day moving average price of C$12.73. Equinox Gold has a 1 year low of C$7.13 and a 1 year high of C$19.97. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31.

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. The business had revenue of C$1.14 billion during the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. Sell-side analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current fiscal year.

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.