Equinox Gold (TSE:EQX) had its price target reduced by analysts at CIBC to C$14.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 28.68% from the company’s current price.
Several other analysts also recently commented on the stock. Canaccord Genuity cut their price objective on shares of Equinox Gold to C$14.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 23rd. Haywood Securities reduced their price target on shares of Equinox Gold from C$24.50 to C$22.00 in a research report on Wednesday, February 10th. TD Securities decreased their price objective on shares of Equinox Gold from C$22.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, March 5th. National Bank Financial reiterated a “sector perform market weight” rating on shares of Equinox Gold in a research note on Wednesday, January 20th. Finally, BMO Capital Markets decreased their price target on Equinox Gold to C$19.50 and set a “sector perform” rating for the company in a research note on Tuesday, March 23rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Equinox Gold has an average rating of “Hold” and a consensus price target of C$17.90.
Shares of Equinox Gold stock traded up C$0.24 during midday trading on Thursday, hitting C$10.88. The company had a trading volume of 136,509 shares, compared to its average volume of 751,256. Equinox Gold has a 52-week low of C$9.76 and a 52-week high of C$17.99. The company has a quick ratio of 1.80, a current ratio of 2.90 and a debt-to-equity ratio of 38.99. The firm has a market cap of C$2.64 billion and a PE ratio of 120.78. The firm has a 50 day moving average price of C$10.57.
About Equinox Gold
Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company primarily explores for gold, copper, and silver deposits. Its principal properties include the Aurizona gold mine covering a total land package of approximately 107,023 hectares located in MaranhÃ£o State, Brazil; and the Mesquite gold mine and the Castle Mountain property situated in California, the United States.
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