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

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

EQX has been the topic of a number of other reports. TD Securities decreased their target price on Equinox Gold from C$8.50 to C$8.00 and set a buy rating on the stock in a report on Friday, February 23rd. Desjardins raised Equinox Gold from a hold rating to a buy rating and raised their target price for the stock from C$7.25 to C$7.75 in a report on Tuesday, January 30th. National Bankshares decreased their target price on Equinox Gold from C$11.50 to C$10.50 in a report on Friday, April 19th. Haywood Securities decreased their target price on Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. Finally, Scotiabank decreased their target price on Equinox Gold from C$7.75 to C$7.00 in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of C$8.80.

Equinox Gold Price Performance

CVE EQX opened at C$7.88 on Tuesday. The business’s fifty day moving average price is C$7.88 and its 200-day moving average price is C$7.88. The stock has a market capitalization 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 current ratio of 1.94 and a quick ratio of 1.11. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90.

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.