Equinox Gold Corp (CVE:EQX) Receives C$9.73 Consensus PT from Analysts

Equinox Gold Corp (CVE:EQX) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$9.73.

Several equities analysts have issued reports on the stock. Scotiabank upped their price target on shares of Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th. CIBC lowered their price objective on Equinox Gold from C$9.50 to C$8.80 in a research report on Friday, October 4th. Canaccord Genuity Group upped their target price on Equinox Gold from C$12.00 to C$12.75 in a report on Tuesday, July 23rd. Haywood Securities lowered their price target on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Finally, Royal Bank of Canada cut their price target on shares of Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st.

Equinox Gold Price Performance

Equinox Gold stock opened at C$7.88 on Thursday. The stock has a 50-day moving average price of C$7.88 and a two-hundred day moving average price of C$7.88. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90. The company has a market capitalization of C$892.46 million and a PE ratio of -43.54. The company has a current ratio of 1.94, a quick ratio of 1.11 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.