Equinox Gold (CVE:EQX) Price Target Increased to C$11.75 by Analysts at Canaccord Genuity Group

Equinox Gold (CVE:EQX) had its price target upped by analysts at Canaccord Genuity Group from C$11.50 to C$11.75 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 49.11% from the stock’s previous close.

EQX has been the topic of several other reports. TD Securities cut 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 note on Friday, February 23rd. BMO Capital Markets cut their price target on shares of Equinox Gold from C$8.00 to C$7.50 in a research note on Friday, February 23rd. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. National Bankshares dropped their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Friday, April 19th. Finally, Haywood Securities dropped their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.80.

Equinox Gold Price Performance

Equinox Gold stock opened at C$7.88 on Tuesday. The stock has a market cap of C$892.46 million and a P/E ratio of -43.54. The company has a fifty day simple moving average of C$7.88 and a 200-day simple 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. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28.

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.