Canaccord Genuity Group Raises Equinox Gold (CVE:EQX) Price Target to C$11.75

Equinox Gold (CVE:EQX) had its price objective lifted by Canaccord Genuity Group from C$11.50 to C$11.75 in a research report released on Tuesday morning, BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. CIBC upped their price target on shares of Equinox Gold from C$6.80 to C$9.25 in a research report on Monday, April 15th. National Bankshares reduced their price target on shares of Equinox Gold from C$11.50 to C$10.50 in a research report on Friday, April 19th. Desjardins upgraded shares of Equinox Gold from a hold rating to a buy rating and upped their price target for the stock from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. Scotiabank reduced their price target on shares of Equinox Gold from C$7.75 to C$7.00 in a research report on Friday, February 23rd. Finally, BMO Capital Markets reduced their price target on shares of Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$8.80.

Equinox Gold Trading Down 0.9 %

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

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.