Equinox Gold (CVE:EQX) Price Target Increased to C$8.00 by Analysts at Royal Bank of Canada

Equinox Gold (CVE:EQX) had its price objective boosted by Royal Bank of Canada from C$7.00 to C$8.00 in a research note released on Wednesday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. Scotiabank decreased their price objective on shares of Equinox Gold from C$7.00 to C$6.75 and set a sector perform rating for the company in a research note on Monday. Haywood Securities decreased their price target on Equinox Gold from C$11.50 to C$10.50 in a research report on Monday, February 26th. BMO Capital Markets lifted their price target on Equinox Gold from C$8.00 to C$10.00 in a report on Monday. TD Securities reduced their price objective on Equinox Gold from C$8.50 to C$8.00 and set a buy rating for the company in a research note on Friday, February 23rd. Finally, CIBC raised their target price on Equinox Gold from C$6.80 to C$9.25 in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$9.10.

Equinox Gold Stock Performance

CVE EQX opened at C$7.88 on Wednesday. The company has a fifty day moving average price of C$7.88 and a 200-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. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90.

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.