Equinox Gold (CVE:EQX – Get Free Report) was upgraded by equities research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a C$10.25 target price on the stock, down from their previous target price of C$10.50. National Bankshares’ price target would indicate a potential upside of 30.08% from the stock’s previous close.
EQX has been the topic of several other reports. TD Securities cut their price target on 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. Haywood Securities lowered their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. BMO Capital Markets increased their target price on shares of Equinox Gold from C$8.00 to C$10.00 in a research note on Monday. Finally, Canaccord Genuity Group increased their target price on shares of Equinox Gold from C$11.75 to C$12.00 and gave the stock a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$9.03.
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About Equinox Gold
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.
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