Equinox Gold Corp. (TSE:EQX) Given Consensus Rating of “Buy” by Analysts

Equinox Gold Corp. (TSE:EQX) has received an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$17.18.

Several research firms recently commented on EQX. Haywood Securities dropped their target price on Equinox Gold from C$24.50 to C$22.00 in a research note on Wednesday, February 10th. National Bank Financial upped their target price on Equinox Gold to C$15.25 and gave the company an “outperform” rating in a research note on Friday, April 23rd. TD Securities lowered their price target on Equinox Gold from C$22.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, March 5th. CIBC lowered their price target on Equinox Gold to C$14.00 and set a “neutral” rating for the company in a research report on Thursday, April 8th. Finally, National Bankshares lowered their price target on Equinox Gold from C$16.00 to C$15.50 and set an “outperform” rating for the company in a research report on Friday, April 9th.

Shares of TSE EQX traded down C$0.09 during trading on Tuesday, reaching C$9.97. The company had a trading volume of 483,820 shares, compared to its average volume of 790,526. Equinox Gold has a twelve month low of C$9.76 and a twelve month high of C$17.99. The stock has a market capitalization of C$2.97 billion and a PE ratio of 89.73. The business’s 50-day simple moving average is C$10.56. The company has a quick ratio of 1.80, a current ratio of 2.90 and a debt-to-equity ratio of 38.99.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, March 3rd. The company reported C$0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.12). The firm had revenue of C$329.24 million during the quarter. Equities research analysts expect that Equinox Gold will post 1.2 EPS for the current fiscal year.

About Equinox Gold

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the Fazenda gold mine located in Bahia State; the RDM gold mine located in Minas Gerais State; the Pilar gold mine located in Goiás State; and the Santa Luz gold mine located in Bahia State, Brazil.

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Analyst Recommendations for Equinox Gold (TSE:EQX)

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