Brokerages Set Equinox Gold Corp (CVE:EQX) PT at C$9.90

Shares of Equinox Gold Corp (CVE:EQX) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$9.90.

EQX has been the topic of several recent research reports. CIBC raised their price target on Equinox Gold from C$8.75 to C$9.50 in a report on Wednesday, July 10th. Scotiabank raised their price target on Equinox Gold from C$7.75 to C$8.50 in a report on Monday, August 19th. Canaccord Genuity Group increased their target price on Equinox Gold from C$12.00 to C$12.75 in a research note on Tuesday, July 23rd. Royal Bank of Canada increased their target price on Equinox Gold from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Finally, Haywood Securities cut their target price on Equinox Gold from C$12.75 to C$11.50 in a research note on Friday, August 9th.

Equinox Gold Price Performance

Equinox Gold stock opened at C$7.88 on Wednesday. The business’s 50-day simple moving average is C$7.88 and its 200 day simple moving average is C$7.88. The stock has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. Equinox Gold has a 12-month low of C$4.25 and a 12-month high of C$8.90. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28.

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.