Equinox Gold (CVE:EQX) PT Raised to C$11.00

Equinox Gold (CVE:EQX) had its target price lifted by Royal Bank of Canada from C$10.00 to C$11.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 39.59% from the stock’s previous close.

A number of other research analysts have also weighed in on EQX. Canaccord Genuity Group raised their price objective on Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Scotiabank raised their price target on Equinox Gold from C$7.75 to C$8.50 in a report on Monday, August 19th. CIBC lifted their price target on Equinox Gold from C$8.75 to C$9.50 in a research report on Wednesday, July 10th. Finally, Haywood Securities cut their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.90.

Equinox Gold Price Performance

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

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.