Equinox Gold (CVE:EQX) Price Target Cut to C$10.00 by Analysts at Royal Bank of Canada

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

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

Equinox Gold Stock Performance

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 firm has a market capitalization of C$892.46 million and a P/E ratio of -43.54. The firm’s fifty day moving average price is C$7.88 and its two-hundred day moving average price is C$7.88. 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.