Cormark Cuts Equinox Gold (TSE:EQX) Price Target to C$21.00

Equinox Gold (TSE:EQX) had its target price decreased by Cormark from C$22.50 to C$21.00 in a report published on Tuesday,BayStreet.CA reports.

Several other equities analysts also recently weighed in on the stock. Stifel Canada raised shares of Equinox Gold to a “strong-buy” rating in a research note on Monday, December 1st. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. TD Securities upped their target price on shares of Equinox Gold from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, BMO Capital Markets raised their price target on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$23.07.

Equinox Gold Price Performance

TSE:EQX opened at C$18.97 on Tuesday. The stock has a 50 day moving average of C$17.51 and a two-hundred day moving average of C$13.14. Equinox Gold has a 12 month low of C$7.13 and a 12 month high of C$20.78. The firm has a market cap of C$14.89 billion, a P/E ratio of 189.70 and a beta of 2.58. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65.

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

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.