Equinox Gold Corp (EQX) Gets a Buy Rating from National Bank

By Carrie Williams

Equinox Gold Corp (EQXResearch Report), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Don DeMarco from National Bank remains bullish on the stock and has a C$1.90 price target.

According to TipRanks.com, DeMarco is a 3-star analyst with an average return of 5.8% and a 63.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, OceanaGold Corporation, and SilverCrest Metals Inc.

Equinox Gold Corp has an analyst consensus of Strong Buy, with a price target consensus of C$2.03, a 93.3% upside from current levels. In a report issued on January 10, Raymond James also maintained a Buy rating on the stock with a C$2 price target.

.

Equinox Gold Corp’s market cap is currently C$469.4M and has a P/E ratio of 0. The company has a Price to Book ratio of 1.05.

Equinox Gold Corp. engages in the exploration of gold mining properties. Its operations include the Aurizona Gold Mine, and Mountain Gold Mine. The company is headquartered in Vancouver, Canada.

The company’s shares closed on Monday at C$1.05.