Brokerages Set Equinox Gold Corp. (TSE:EQX) Target Price at C$12.11

Equinox Gold Corp. (TSE:EQXGet Rating) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$12.11.

Separately, National Bank Financial lowered shares of Equinox Gold from an “outperform spec overweight” rating to a “sector perform spec overwgt” rating in a report on Thursday, July 28th.

Equinox Gold Stock Performance

Equinox Gold stock opened at C$4.52 on Friday. The firm’s 50 day simple moving average is C$5.09 and its 200-day simple moving average is C$7.32. The company has a market cap of C$1.38 billion and a P/E ratio of 2.42. The company has a debt-to-equity ratio of 28.02, a current ratio of 2.89 and a quick ratio of 1.52. Equinox Gold has a fifty-two week low of C$4.19 and a fifty-two week high of C$11.46.

Equinox Gold (TSE:EQXGet Rating) last posted its earnings results on Wednesday, August 3rd. The company reported C($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.18). The business had revenue of C$286.67 million for the quarter. As a group, equities research analysts predict that Equinox Gold will post 0.46 EPS for the current year.

Equinox Gold Company Profile

(Get Rating)

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