Analysts Set Equinox Gold Corp (CVE:EQX) Target Price at C$9.73

Shares of Equinox Gold Corp (CVE:EQX) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$9.73.

A number of equities analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Royal Bank of Canada reduced their price objective on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. CIBC dropped their target price on Equinox Gold from C$9.50 to C$8.80 in a report on Friday, October 4th. Haywood Securities decreased their price target on Equinox Gold from C$12.75 to C$11.50 in a research note on Friday, August 9th. Finally, Scotiabank increased their price objective on Equinox Gold from C$7.75 to C$8.50 in a research note on Monday, August 19th.

Equinox Gold Stock Down 0.9 %

Shares of EQX opened at C$7.88 on Thursday. The firm has a market cap of C$892.46 million and a P/E ratio of -43.54. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. The stock 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 debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11.

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.