National Bank analyst John Sclodnick maintained a Buy rating on Equinox Gold Corp (EQX) today and set a price target of C$10.00. The company’s shares closed last Monday at $6.10.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equinox Gold Corp with a $8.53 average price target, implying a 35.0% upside from current levels. In a report issued on October 8, Raymond James also maintained a Buy rating on the stock with a C$13.00 price target.
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Based on Equinox Gold Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $9.59 million. In comparison, last year the company had a GAAP net loss of $8.74 million.
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Equinox Gold Corp. engages in the exploration of gold mining properties. It offers mesquite gold mine, Arizona gold mine, castle mountain, gold and copper projects. The company was founded on March 23, 2007 and is headquartered in Vancouver, Canada.
