Equinox Gold (CVE:EQX) Given New C$14.50 Price Target at BMO Capital Markets

Equinox Gold (CVE:EQXGet Rating) had its price target increased by research analysts at BMO Capital Markets from C$13.50 to C$14.50 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 84.01% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Royal Bank of Canada cut their price objective on Equinox Gold from C$12.00 to C$10.00 and set a “sector perform” rating for the company in a report on Monday, January 31st. Cormark cut their price objective on Equinox Gold from C$12.00 to C$10.00 in a report on Thursday. Canaccord Genuity Group increased their price objective on Equinox Gold from C$10.00 to C$15.00 in a report on Friday, April 22nd. Scotiabank downgraded Equinox Gold from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$12.25 to C$11.75 in a report on Wednesday. Finally, CIBC increased their price objective on Equinox Gold from C$10.00 to C$10.75 and gave the company a “neutral” rating in a report on Friday, March 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equinox Gold currently has an average rating of “Hold” and a consensus price target of C$12.06.

CVE:EQX traded down C$0.07 during trading hours on Thursday, reaching C$7.88. 53,583 shares of the stock were exchanged, compared to its average volume of 153,529. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The firm has a 50 day moving average of C$7.88 and a 200 day moving average of C$7.88. The stock has a market cap of C$892.46 million and a PE ratio of -43.54.

In other Equinox Gold news, Director Gregory Smith sold 23,205 shares of the stock in a transaction on Friday, April 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$249,685.80. Following the transaction, the director now owns 318,211 shares in the company, valued at approximately C$3,423,950.36.

Equinox Gold Company Profile (Get Rating)

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.

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Analyst Recommendations for Equinox Gold (CVE:EQX)

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