Equinox Gold Corp (CVE:EQX) Receives C$9.83 Consensus Target Price from Analysts

Equinox Gold Corp (CVE:EQX) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$9.83.

EQX has been the topic of several research reports. CIBC decreased their target price on Equinox Gold from C$9.50 to C$8.80 in a research report on Friday, October 4th. Canaccord Genuity Group lifted their target price on shares of Equinox Gold from C$12.00 to C$12.75 in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their target price on shares of Equinox Gold from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 10th. Haywood Securities decreased their price target on shares of Equinox Gold from C$12.75 to C$11.50 in a research note on Friday, August 9th. Finally, Scotiabank upped their price objective on shares of Equinox Gold from C$7.75 to C$8.50 in a research note on Monday, August 19th.

Equinox Gold Trading Down 0.9 %

Shares of Equinox Gold stock opened at C$7.88 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54. The firm’s 50-day moving average price is C$7.88 and its 200 day moving average price is C$7.88.

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.