BMO Capital Markets Boosts Equinox Gold (CVE:EQX) Price Target to C$10.00

Equinox Gold (CVE:EQX) had its target price raised by equities researchers at BMO Capital Markets from C$8.00 to C$10.00 in a research note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 26.90% from the company’s previous close.

Other analysts have also recently issued reports about the company. CIBC upped their price target on Equinox Gold from C$6.80 to C$9.25 in a research report on Monday, April 15th. Scotiabank dropped their target price on shares of Equinox Gold from C$7.75 to C$7.00 in a research report on Friday, February 23rd. TD Securities cut their price target 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. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. Finally, Canaccord Genuity Group lifted their target price on shares of Equinox Gold from C$11.50 to C$11.75 in a research note on Tuesday, April 23rd. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$9.03.

Equinox Gold Stock Down 0.9 %

CVE EQX opened at C$7.88 on Monday. Equinox Gold has a 1-year low of C$4.25 and a 1-year 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. The stock’s 50 day moving average is C$7.88 and its two-hundred day moving average is C$7.88. The company has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54.

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.