Equinox Gold Corp (CVE:EQX) Receives C$9.90 Average Price Target from Brokerages

Equinox Gold Corp (CVE:EQX) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$9.90.

EQX has been the topic of several research analyst reports. Scotiabank boosted their price objective on Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th. Canaccord Genuity Group boosted their price target on shares of Equinox Gold from C$12.00 to C$12.75 in a report on Tuesday, July 23rd. Royal Bank of Canada raised their price objective on shares of Equinox Gold from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Tuesday. Haywood Securities lowered their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a research report on Friday, August 9th. Finally, CIBC increased their target price on shares of Equinox Gold from C$8.75 to C$9.50 in a research report on Wednesday, July 10th.

Equinox Gold Stock Performance

EQX stock opened at C$7.88 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The firm has a market cap of C$892.46 million and a PE ratio of -43.54. The business has a 50 day moving average of C$7.88 and a 200-day moving average of C$7.88. Equinox Gold has a 12-month low of C$4.25 and a 12-month 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.