Equinox Gold (TSE:EQX) Stock Price Expected to Rise, TD Securities Analyst Says

Equinox Gold (TSE:EQX) had its price objective hoisted by research analysts at TD Securities from C$21.00 to C$26.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 17.38% from the company’s current price.

Several other brokerages have also issued reports on EQX. Cormark lowered their target price on Equinox Gold from C$22.50 to C$21.00 in a research report on Tuesday, December 16th. Stifel Nicolaus set a C$24.00 price objective on Equinox Gold and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. BMO Capital Markets upped their target price on Equinox Gold from C$18.00 to C$20.00 in a report on Thursday, November 6th. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada boosted their price target on shares of Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$23.36.

Equinox Gold Stock Up 0.6%

TSE:EQX opened at C$22.15 on Thursday. Equinox Gold has a one year low of C$7.71 and a one year high of C$22.39. 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 company has a market cap of C$17.38 billion, a PE ratio of 221.50 and a beta of 2.69. The firm’s 50 day simple moving average is C$19.53 and its 200 day simple moving average is C$15.22.

Equinox Gold (TSE:EQX) last announced 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 during the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. On average, research analysts anticipate 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.