Scotiabank Cuts Equinox Gold (CVE:EQX) Price Target to C$6.75

Equinox Gold (CVE:EQX) had its target price trimmed by Scotiabank from C$7.00 to C$6.75 in a research note released on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on EQX. BMO Capital Markets increased their target price on shares of Equinox Gold from C$8.00 to C$10.00 in a research report on Monday. Canaccord Genuity Group lifted their price target on shares of Equinox Gold from C$11.50 to C$11.75 in a research report on Tuesday, April 23rd. Haywood Securities decreased their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. TD Securities cut their price objective 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. Finally, Desjardins raised shares of Equinox Gold from a hold rating to a buy rating and increased their price objective for the company from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Equinox Gold presently has a consensus rating of Moderate Buy and a consensus price target of C$9.10.

Equinox Gold Price Performance

EQX opened at C$7.88 on Monday. The company’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 fifty-two week low of C$4.25 and a fifty-two week high of C$8.90. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28.

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.