Equinox Gold (CVE:EQX) PT Raised to C$10.00 at BMO Capital Markets

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

EQX has been the subject of several other research reports. National Bankshares lowered their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a research report on Friday, April 19th. Haywood Securities cut their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. CIBC raised their target price on Equinox Gold from C$6.80 to C$9.25 in a research note on Monday, April 15th. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. Finally, TD Securities reduced their price target on Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.03.

Equinox Gold Trading Down 0.9 %

CVE EQX 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 one year low of C$4.25 and a one year high of C$8.90. The company’s 50 day moving average price is C$7.88 and its 200 day moving average price is C$7.88. The firm has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54.

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.