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Canaccord Genuity Stick to Their Buy Rating for Equinox Gold Corp

Published 10/27/2020, 05:08 AM
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Canaccord Genuity analyst Dalton Baretto maintained a Buy rating on Equinox Gold (NYSE:EQX) Corp on Thursday, setting a price target of C$22.5, which is approximately 47.79% above the present share price of $11.54.

Baretto expects Equinox Gold Corp to post earnings per share (EPS) of -$0.26 for the fourth quarter of 2020.

The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Equinox Gold, with an average price target of $17.33.
The analysts price targets range from a high of $20.47 to a low of $14.59.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $215.39 million and a net profit of $54.35 million. The company's market cap is $2.78 billion.

According to TipRanks.com, Canaccord Genuity analyst Dalton Baretto is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.9% and a 58.78% success rate.

Equinox Gold Corp. engages in the exploration of gold mining properties. It operates mesquite & Arizona gold mine, castle mountain, gold and copper projects. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.

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