Equinox Gold (CVE:EQX) PT Raised to C$8.50 at Scotiabank

Equinox Gold (CVE:EQX) had its target price hoisted by Scotiabank from C$7.75 to C$8.50 in a report issued on Monday morning, BayStreet.CA reports.

Several other research firms have also issued reports on EQX. Haywood Securities lowered their price target on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Royal Bank of Canada lifted their price objective on shares of Equinox Gold from C$7.00 to C$8.00 in a research note on Wednesday, May 1st. National Bankshares lowered their price objective on shares of Equinox Gold from C$10.25 to C$10.00 in a research note on Friday, May 10th. TD Securities lowered their price objective on shares of Equinox Gold from C$10.00 to C$9.50 in a research note on Friday, May 10th. Finally, CIBC lifted their price objective on shares of Equinox Gold from C$8.75 to C$9.50 in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$9.50.

Equinox Gold Stock Down 0.9 %

Equinox Gold stock opened at C$7.88 on Monday. 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 has a 52-week low of C$4.25 and a 52-week high of C$8.90. The firm has a 50 day moving average price of C$7.88 and a two-hundred day moving average price of C$7.88. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

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.