Equinox Gold (TSE:EQX) Given New C$10.00 Price Target at Canaccord Genuity

Equinox Gold (TSE:EQX) had its price target reduced by Canaccord Genuity to C$10.00 in a report released on Tuesday, Stock Target Advisor reports. Canaccord Genuity currently has a buy rating on the stock.

Several other analysts have also weighed in on EQX. TD Securities decreased their price objective on Equinox Gold to C$17.00 and set a buy rating on the stock in a report on Thursday, August 5th. Royal Bank of Canada decreased their price target on Equinox Gold to C$12.00 and set a sector perform rating on the stock in a research note on Tuesday, August 10th. CIBC reaffirmed a neutral rating and issued a C$11.50 price target on shares of Equinox Gold in a research note on Thursday, August 5th. BMO Capital Markets boosted their price target on Equinox Gold to C$15.50 and gave the company a market perform rating in a research note on Thursday, August 5th. Finally, Desjardins raised Equinox Gold from a hold rating to a buy rating in a research note on Friday, August 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of C$14.69.

Shares of TSE:EQX opened at C$8.46 on Tuesday. Equinox Gold has a 1-year low of C$7.53 and a 1-year high of C$17.25. The firm has a market capitalization of C$2.54 billion and a PE ratio of 4.02. The business’s 50 day moving average is C$8.50 and its 200-day moving average is C$9.62. The company has a current ratio of 3.13, a quick ratio of 2.23 and a debt-to-equity ratio of 25.49.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the Fazenda gold mine located in Bahia State; the RDM gold mine located in Minas Gerais State; the Pilar gold mine located in Goiás State; and the Santa Luz gold mine located in Bahia State, Brazil.

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Analyst Recommendations for Equinox Gold (TSE:EQX)

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