Equinox Gold (CVE:EQX) Price Target Raised to C$10.00

Equinox Gold (CVE:EQX) had its target price upped by BMO Capital Markets from C$8.00 to C$10.00 in a research note published on Monday morning, BayStreet.CA reports.

Several other brokerages have also recently issued reports on EQX. Canaccord Genuity Group increased their target price on Equinox Gold from C$11.50 to C$11.75 in a research report on Tuesday, April 23rd. Desjardins upgraded Equinox Gold from a hold rating to a buy rating and raised their target price for the company from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. National Bankshares dropped their target price on Equinox Gold from C$11.50 to C$10.50 in a research report on Friday, April 19th. Scotiabank lowered their price objective on Equinox Gold from C$7.75 to C$7.00 in a report on Friday, February 23rd. Finally, CIBC lifted their price objective on Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$9.10.

Equinox Gold Trading Down 0.9 %

Shares of EQX stock opened at C$7.88 on Monday. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The stock’s 50 day simple moving average is C$7.88 and its two-hundred day simple moving average is C$7.88. The company has a market cap of C$892.46 million and a PE ratio of -43.54.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in Maranhão State, Brazil; and the Castle Mountain property situated in California, the United States.