Equinox Gold (CVE:EQX) Upgraded by National Bankshares to Outperform

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 morning, BayStreet.CA reports. National Bankshares currently has C$10.25 price objective on the stock, down from their prior price objective of C$10.50.

A number of other research firms have also recently commented on EQX. Scotiabank decreased their price target on Equinox Gold from C$7.00 to C$6.75 and set a sector perform rating on the stock in a research note on Monday. Desjardins raised Equinox Gold from a hold rating to a buy rating and increased their target price for the stock from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. CIBC raised their target price on Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. BMO Capital Markets boosted their price target on shares of Equinox Gold from C$8.00 to C$10.00 in a research note on Monday. Finally, TD Securities reduced their price target on shares of Equinox Gold from C$8.50 to C$8.00 and set a buy rating on the stock in a research report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$9.03.

Equinox Gold Stock Performance

Shares of EQX 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. The firm has a market cap of C$892.46 million and a P/E ratio of -43.54. The firm’s 50 day moving average price is C$7.88 and its 200-day moving average price is C$7.88. Equinox Gold has a one year low of C$4.25 and a one 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.