Equinox Gold (CVE:EQX – Get Free Report) had its price objective reduced by equities researchers at CIBC from C$9.50 to C$8.80 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 11.68% from the company’s current price.
Several other equities analysts have also commented on the company. Haywood Securities lowered their price objective on Equinox Gold from C$12.75 to C$11.50 in a research report on Friday, August 9th. Scotiabank raised their price objective on Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th. 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. Finally, Royal Bank of Canada raised their price objective on Equinox Gold from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$9.83.
View Our Latest Analysis on EQX
Equinox Gold Stock Down 0.9 %
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.
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