Equinox Gold (CVE:EQX) PT Raised to C$12.00

Equinox Gold (CVE:EQX) had its target price hoisted by analysts at Canaccord Genuity Group from C$11.75 to C$12.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 52.28% from the company’s current price.

A number of other research firms also recently issued reports on EQX. Haywood Securities cut their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a research report on Monday, February 26th. BMO Capital Markets increased their price objective on shares of Equinox Gold from C$8.00 to C$10.00 in a report on Monday. CIBC lifted their target price on shares of Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. National Bankshares dropped their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a research report on Friday, April 19th. Finally, TD Securities reduced their price target on Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$9.03.

Equinox Gold Trading Down 0.9 %

EQX stock opened at C$7.88 on Monday. The business has a fifty day moving average of C$7.88 and a 200-day moving average of C$7.88. The company has a market cap of C$892.46 million and a P/E ratio of -43.54. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28.

About Equinox Gold

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.