Equinox Gold (CVE:EQX) Price Target Lowered to C$10.00 at Royal Bank of Canada

Equinox Gold (CVE:EQX) had its price objective reduced by Royal Bank of Canada from C$11.00 to C$10.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Several other research firms have also recently commented on EQX. CIBC reduced their target price on Equinox Gold from C$9.50 to C$8.80 in a research note on Friday, October 4th. Haywood Securities cut their price target on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Canaccord Genuity Group raised their price objective on shares of Equinox Gold from C$12.00 to C$12.75 in a report on Tuesday, July 23rd. Finally, Scotiabank upped their target price on shares of Equinox Gold from C$7.75 to C$8.50 in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Equinox Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.73.

Equinox Gold Trading Down 0.9 %

Shares of EQX opened at C$7.88 on Monday. Equinox Gold has a one year low of C$4.25 and a one year high of C$8.90. The stock has a 50-day moving average price of C$7.88 and a 200 day moving average price of C$7.88. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The company has a market capitalization of C$892.46 million and a P/E 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.