Equinox Gold Corp. (TSE:EQX) Receives Consensus Rating of “Buy” from Brokerages

Equinox Gold Corp. (TSE:EQX) has been given an average recommendation of “Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$23.36.

EQX has been the topic of several research analyst reports. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Friday, November 7th. National Bankshares reduced their price target on shares of Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Royal Bank Of Canada upped their target price on Equinox Gold from C$19.00 to C$25.00 in a report on Wednesday, December 10th. TD Securities boosted their price objective on shares of Equinox Gold from C$21.00 to C$26.00 in a research note on Thursday. Finally, Cormark cut their target price on Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th.

Equinox Gold Stock Up 0.6%

Shares of EQX opened at C$22.15 on Monday. Equinox Gold has a one year low of C$7.71 and a one year high of C$22.39. The company has a market cap of C$17.38 billion, a P/E ratio of 221.50 and a beta of 2.69. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The firm has a 50 day simple moving average of C$19.53 and a two-hundred day simple moving average of C$15.22.

Equinox Gold (TSE:EQX) last issued its earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share 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 for the quarter. Research analysts forecast that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

About Equinox Gold

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.