CIBC upgraded shares of Equinox Gold (CVE:EQX – Get Rating) from an underperform rating to a neutral rating in a report issued on Monday morning, BayStreet.CA reports. They currently have C$4.90 price objective on the stock, down from their prior price objective of C$5.30.

Several other research firms have also recently weighed in on EQX. Stifel Nicolaus dropped their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a research report on Friday, August 5th. BMO Capital Markets cut their target price on Equinox Gold from C$9.50 to C$8.50 in a research report on Friday. TD Securities dropped their target price on Equinox Gold from C$12.50 to C$10.00 in a research report on Thursday, July 21st. National Bankshares dropped their price target on Equinox Gold from C$7.00 to C$6.75 and set a sector perform rating on the stock in a research note on Friday, August 5th. Finally, Scotiabank lowered their price objective on shares of Equinox Gold from C$11.75 to C$10.25 in a report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Equinox Gold currently has a consensus rating of Hold and an average target price of C$9.39.

Equinox Gold Trading Down 0.9 %

CVE:EQX opened at C$7.88 on Monday. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The stock has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The business has a fifty day moving average of C$7.88 and a 200-day moving average of C$7.88. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90.

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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