Equinox Gold (CVE:EQX) Price Target Lowered to C$6.75 at Scotiabank

Equinox Gold (CVE:EQX) had its target price lowered by Scotiabank from C$7.00 to C$6.75 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other analysts have also commented on the stock. BMO Capital Markets upped their price objective on shares of Equinox Gold from C$8.00 to C$10.00 in a research note on Monday. Desjardins upgraded Equinox Gold from a hold rating to a buy rating and increased their price objective for the stock from C$7.25 to C$7.75 in a report on Tuesday, January 30th. CIBC increased their price objective on Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. Haywood Securities lowered their price target on Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. Finally, National Bankshares lowered their price target on Equinox Gold from C$11.50 to C$10.50 in a report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$9.10.

Equinox Gold Stock Performance

CVE:EQX opened at C$7.88 on Monday. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The company has a 50-day moving average of C$7.88 and a 200-day moving average of C$7.88. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

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.