National Bankshares Lowers Equinox Gold (TSE:EQX) Price Target to C$26.00

Equinox Gold (TSE:EQX) had its price objective decreased by equities researchers at National Bankshares from C$28.00 to C$26.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 27.83% from the company’s current price.

EQX has been the topic of several other research reports. BMO Capital Markets boosted their price objective on Equinox Gold from C$18.00 to C$20.00 in a report on Thursday, November 6th. Cibc Captl Mkts cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. CIBC downgraded shares of Equinox Gold from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$23.00 to C$21.50 in a research note on Tuesday, December 16th. Finally, Stifel Nicolaus set a C$24.00 price target on shares of Equinox Gold and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$22.79.

Equinox Gold Stock Performance

Shares of EQX stock opened at C$20.34 on Wednesday. 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 firm has a market cap of C$15.96 billion, a P/E ratio of 203.40 and a beta of 2.69. The firm’s 50 day moving average price is C$18.62 and its 200-day moving average price is C$14.25. Equinox Gold has a one year low of C$7.71 and a one year high of C$20.78.

Equinox Gold (TSE:EQX) last posted 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 during the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. As a group, equities research analysts predict 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.