Equinox Gold (CVE:EQX) Lifted to Outperform at National Bankshares

National Bankshares upgraded shares of Equinox Gold (CVE:EQX) from a sector perform rating to an outperform rating in a research note released on Monday, BayStreet.CA reports. They currently have C$10.25 target price on the stock, down from their previous target price of C$10.50.

EQX has been the topic of several other research reports. Haywood Securities decreased their price target on Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. TD Securities reduced their target price on Equinox Gold from C$8.50 to C$8.00 and set a buy rating on the stock in a research note on Friday, February 23rd. Desjardins raised Equinox Gold from a hold rating to a buy rating and increased their price target for the stock from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. CIBC upped their price objective on Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. Finally, Scotiabank dropped their price objective on Equinox Gold from C$7.00 to C$6.75 and set a sector perform rating for the company in a report on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$9.10.

Equinox Gold Stock Performance

CVE EQX opened at C$7.88 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The business’s 50 day moving average is C$7.88 and its two-hundred day moving average is C$7.88. Equinox Gold has a 12-month low of C$4.25 and a 12-month high of C$8.90. The stock has a market capitalization 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.