Equinox Gold (CVE:EQX) PT Lowered to C$10.00 at Royal Bank of Canada

Equinox Gold (CVE:EQX) had its price target cut by Royal Bank of Canada from C$11.00 to C$10.00 in a research note released on Monday morning, BayStreet.CA reports.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Scotiabank increased their price target on Equinox Gold from C$7.75 to C$8.50 in a research note on Monday, August 19th. CIBC cut their price objective on shares of Equinox Gold from C$9.50 to C$8.80 in a research note on Friday, October 4th. Finally, Haywood Securities reduced their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$9.73.

Equinox Gold Stock Down 0.9 %

EQX stock opened at C$7.88 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The firm’s 50-day simple moving average is C$7.88 and its 200 day simple moving average is C$7.88. The stock has a market cap of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week high of C$8.90.

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.