National Bankshares Upgrades Equinox Gold (CVE:EQX) to Outperform

Equinox Gold (CVE:EQX) was upgraded by investment analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has a C$10.25 target price on the stock, down from their prior target price of C$10.50. National Bankshares’ target price indicates a potential upside of 30.08% from the company’s previous close.

Several other equities research analysts have also issued reports on EQX. CIBC raised their price objective on Equinox Gold from C$6.80 to C$9.25 in a research note on Monday, April 15th. 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. Canaccord Genuity Group increased their target price on shares of Equinox Gold from C$11.75 to C$12.00 and gave the company a “buy” rating in a research note on Monday. TD Securities lowered their target price 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. Finally, BMO Capital Markets upped their price target on shares of Equinox Gold from C$8.00 to C$10.00 in a report on Monday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$9.03.

Equinox Gold Stock Down 0.9 %

Shares of CVE:EQX opened at C$7.88 on Monday. The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. 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. The company has a 50-day moving average price of C$7.88 and a 200 day moving average price of C$7.88.

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.