Cormark Lowers Equinox Gold (TSE:EQX) Price Target to C$21.00

Equinox Gold (TSE:EQX) had its price objective decreased by investment analysts at Cormark from C$22.50 to C$21.00 in a report issued on Tuesday,BayStreet.CA reports. Cormark’s target price points to a potential upside of 9.43% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada raised their target price on shares of Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. CIBC upped their price objective 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. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Finally, Cibc Captl Mkts cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Equinox Gold has an average rating of “Buy” and an average price target of C$23.07.

Equinox Gold Price Performance

TSE:EQX opened at C$19.19 on Tuesday. The stock has a market capitalization of C$15.06 billion, a PE ratio of 191.90 and a beta of 2.58. Equinox Gold has a 1-year low of C$7.13 and a 1-year high of C$20.78. The firm has a fifty day simple moving average of C$17.45 and a 200 day simple moving average of C$13.10. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65.

Equinox Gold (TSE:EQX) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share (EPS) 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, research analysts expect that Equinox Gold will post 1.3865979 EPS 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.