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

Equinox Gold (CVE:EQX) had its target price hoisted by Canaccord Genuity Group from C$11.50 to C$11.75 in a research report sent to investors on Tuesday, BayStreet.CA reports.

EQX has been the subject of several other research reports. National Bankshares dropped their price objective 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 target price for the company from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. CIBC upped their target price on shares of Equinox Gold from C$6.80 to C$9.25 in a research note on Monday, April 15th. TD Securities decreased their target price on shares of Equinox Gold from C$8.50 to C$8.00 and set a buy rating for the company in a research note on Friday, February 23rd. Finally, Scotiabank decreased their target price on shares of Equinox Gold from C$7.75 to C$7.00 in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$8.80.

Equinox Gold Price Performance

Equinox Gold stock opened at C$7.88 on Tuesday. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. The firm has a 50 day moving average price of C$7.88 and a 200 day moving average price of C$7.88. The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94.

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.