Equinox Gold (TSE:EQX) Given a C$20.00 Price Target by TD Analysts

Key Points

• TD set a C$20.00 price target on Equinox Gold and maintained a “buy” rating, implying 27.88% upside from the stock’s C$15.64 price.
• Analyst sentiment is broadly positive: Equinox Gold has one “Strong Buy” and five “Buy” ratings, with a consensus price target of C$24.50.
• The company reported quarterly revenue of C$1.09 billion and earnings of C$0.21 per share, while shares remain highly volatile with a beta of 3.28.

Equinox Gold (TSE:EQX - Get Free Report) has been given a C$20.00 price objective by research analysts at TD in a research note issued on Tuesday, BayStreet reports. The firm currently has a "buy" rating on the stock. TD's target price would indicate a potential upside of 27.88% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Scotiabank raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce cut their price objective on shares of Equinox Gold from C$31.00 to C$27.00 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$24.50.

Equinox Gold Stock Performance

Shares of TSE:EQX traded down C$0.01 during trading on Tuesday, reaching C$15.64. The company had a trading volume of 1,169,952 shares, compared to its average volume of 3,783,808. Equinox Gold has a fifty-two week low of C$11.91 and a fifty-two week high of C$25.87. The company has a debt-to-equity ratio of 9.15, a current ratio of 1.33 and a quick ratio of 1.31. The stock's fifty day moving average price is C$16.82 and its 200 day moving average price is C$16.59. The firm has a market capitalization of C$18.26 billion, a price-to-earnings ratio of 14.48 and a beta of 3.28.

Equinox Gold (TSE:EQX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.21 earnings per share for the quarter. Equinox Gold had a return on equity of 13.85% and a net margin of 26.36%. The firm had revenue of C$1.09 billion during the quarter. As a group, equities research analysts predict that Equinox Gold will post 1.39 EPS 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.

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