Equinox Gold (CVE:EQX) Price Target Raised to C$11.00 at Royal Bank of Canada

Equinox Gold (CVE:EQX) had its price target increased by equities research analysts at Royal Bank of Canada from C$10.00 to C$11.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 39.59% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Scotiabank upped their price objective on shares of Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th. Haywood Securities lowered their price target on Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. CIBC lifted their price objective on Equinox Gold from C$8.75 to C$9.50 in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group boosted their price objective on Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$9.77.

Equinox Gold Trading Down 0.9 %

CVE EQX traded down C$0.07 during trading on Tuesday, reaching C$7.88. 53,583 shares of the stock traded hands, compared to its average volume of 153,529. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week high of C$8.90. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The stock’s 50-day moving average price is C$7.88 and its 200 day moving average price is C$7.88.

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.