Stifel Nicolaus Increases Equinox Gold (TSE:EQX) Price Target to C$25.00

Equinox Gold (TSE:EQX) had its target price lifted by research analysts at Stifel Nicolaus from C$24.00 to C$25.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 9.31% from the company’s current price.

A number of other analysts have also commented on the company. TD Securities boosted their target price on Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Cormark reduced their price objective on Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. CIBC cut 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 report on Tuesday, December 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinox Gold currently has an average rating of “Buy” and a consensus target price of C$23.50.

Equinox Gold Stock Performance

Shares of EQX stock opened at C$22.87 on Monday. The stock has a market capitalization of C$17.95 billion, a PE ratio of 228.70 and a beta of 2.69. The business’s 50 day simple moving average is C$19.73 and its 200 day simple moving average is C$15.52. 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 has a one year low of C$7.71 and a one year high of C$23.49.

Equinox Gold (TSE:EQX) last issued its quarterly 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 return on equity of 8.67% and a net margin of 19.82%. As a group, research analysts forecast that Equinox Gold will post 1.3865979 earnings per share 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.