Royal Bank of Canada Boosts Equinox Gold (CVE:EQX) Price Target to C$8.00

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

Several other research analysts also recently weighed in on the stock. TD Securities dropped their target price on shares of 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. CIBC upped their target price on shares of Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. Canaccord Genuity Group upped their target price on shares of Equinox Gold from C$11.75 to C$12.00 and gave the stock a buy rating in a report on Monday. Desjardins upgraded shares of Equinox Gold from a hold rating to a buy rating and boosted their price target for the stock from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. Finally, National Bankshares upgraded shares of Equinox Gold from a sector perform rating to an outperform rating and decreased their price target for the stock from C$10.50 to C$10.25 in a research note on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Equinox Gold presently has an average rating of Moderate Buy and a consensus price target of C$9.10.

Equinox Gold Trading Down 0.9 %

Shares of Equinox Gold stock opened at C$7.88 on Wednesday. The company has a market capitalization of C$892.46 million and a P/E ratio of -43.54. 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 company has a fifty day moving average of C$7.88 and a 200 day moving average of C$7.88. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week high of C$8.90.

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.