Equinox Gold (TSE:EQX) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Equinox Gold (TSE:EQX) had its target price hoisted by Stifel Nicolaus from C$25.00 to C$31.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 39.70% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Cormark dropped their price objective on shares of Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. BMO Capital Markets upped their price target on shares of Equinox Gold from C$18.00 to C$20.00 in a report on Thursday, November 6th. National Bank Financial cut their price objective on Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Canadian Imperial Bank of Commerce lowered Equinox Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$31.00 to C$26.50 in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada increased their target price on Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.07.

Equinox Gold Price Performance

Equinox Gold stock opened at C$22.19 on Tuesday. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. Equinox Gold has a 52 week low of C$7.71 and a 52 week high of C$23.49. The stock has a market capitalization of C$17.41 billion, a P/E ratio of 221.90 and a beta of 2.32. The stock has a fifty day moving average of C$20.23 and a 200-day moving average of C$16.40.

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