RBC Capital analyst Wayne Lam maintained a Hold rating on Equinox Gold (EQX – Research Report) on February 26 and set a price target of C$7.00. The company’s shares closed yesterday at $3.97.
According to TipRanks, Lam is an analyst with an average return of -12.9% and a 35.88% success rate. Lam covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, IAMGOLD, and Lundin Gold.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equinox Gold with a $5.92 average price target, a 49.12% upside from current levels. In a report released on February 23, Scotiabank also assigned a Hold rating to the stock with a C$7.00 price target.
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EQX market cap is currently $1.32B and has a P/E ratio of 44.32.
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Equinox Gold (EQX) Company Description:
Equinox Gold Corp. engages in the exploration of gold mining properties. It operates mesquite & Arizona gold mine, castle mountain, gold and copper projects. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.
Read More on EQX:
- Equinox Gold price target lowered to C$7.50 from C$8 at BMO Capital
- Equinox Gold price target lowered to C$7 from C$7.75 at Scotiabank
- Equinox Gold price target lowered to C$8 from C$8.50 at TD Securities
- Equinox Gold price target lowered to C$7.50 from C$8.25 at National Bank
- Equinox Gold upgraded to Buy from Hold at Desjardins
