Equinox Gold (CVE:EQX) PT Lowered to C$6.75

Equinox Gold (CVE:EQX) had its target price decreased by equities researchers at Scotiabank from C$7.00 to C$6.75 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential downside of 14.34% from the company’s previous close.

A number of other research analysts also recently issued reports on EQX. CIBC boosted their price objective on Equinox Gold from C$6.80 to C$9.25 in a research note on Monday, April 15th. TD Securities reduced their price objective on shares of Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. National Bankshares lowered their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Friday, April 19th. Haywood Securities cut their price target on Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on Equinox Gold from C$11.50 to C$11.75 in a research report 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$9.03.

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at C$7.88 on Monday. The stock’s fifty day moving average is C$7.88 and its 200 day moving average is C$7.88. Equinox Gold has a one year low of C$4.25 and a one year high of C$8.90. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The stock has a market cap of C$892.46 million and a P/E 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.