Raymond James Boosts Equinox Gold (CVE:EQX) Price Target to C$2.25

Equinox Gold (CVE:EQX) had its price target lifted by Raymond James from C$2.00 to C$2.25 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently commented on EQX. CIBC boosted their target price on shares of Equinox Gold from C$1.60 to C$1.85 in a research report on Monday, July 15th. National Bank Financial boosted their target price on shares of Equinox Gold from C$1.60 to C$1.80 and gave the company a sector perform rating in a research report on Friday, June 28th.

Shares of CVE:EQX opened at C$1.51 on Monday. The firm has a 50 day moving average of C$1.30 and a 200-day moving average of C$1.20. The stock has a market capitalization of $821.04 million and a PE ratio of -23.59. The company has a current ratio of 1.40, a quick ratio of 0.69 and a debt-to-equity ratio of 63.40. Equinox Gold has a 12 month low of C$0.85 and a 12 month high of C$1.54.

About Equinox Gold

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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