BMO Capital Markets Increases Equinox Gold (CVE:EQX) Price Target to C$10.00

Equinox Gold (CVE:EQX) had its target price upped by equities researchers at BMO Capital Markets from C$8.00 to C$10.00 in a report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 26.90% from the stock’s current price.

A number of other equities research analysts also recently issued reports on EQX. Canaccord Genuity Group increased their price objective on shares of Equinox Gold from C$11.50 to C$11.75 in a research note on Tuesday, April 23rd. TD Securities reduced their price target on shares of Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. CIBC raised their target price on shares of Equinox Gold from C$6.80 to C$9.25 in a research report on Monday, April 15th. National Bankshares dropped their price target on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Friday, April 19th. Finally, Haywood Securities dropped their price target on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$9.03.

Equinox Gold Stock Performance

CVE EQX traded down C$0.07 on Monday, reaching C$7.88. The stock had a trading volume of 53,583 shares, compared to its average volume of 153,529. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The company has a market cap of C$892.46 million and a P/E ratio of -43.54. The firm has a fifty day moving average of C$7.88 and a two-hundred day moving average of C$7.88. 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.