Equinox Gold (CVE:EQX) Price Target Cut to C$7.00 by Analysts at Scotiabank

Equinox Gold (CVEEQX) is a Canadian gold mining company that operates in Mexico and Brazil. The company's flagship asset is the Los Filos mine in Mexico, which produces gold, silver, and copper.

On Friday morning, Scotiabank published a research report on Equinox Gold, reducing its target price from C$7.75 to C$7.00. This change was based on the company's recent financial results and the current market conditions for gold.

In addition to Scotiabank, other equities analysts have also issued reports about Equinox Gold. For example, CIBC boosted its target price on the stock from C$7.20 to C$7.60 and gave it a "neutral" rating. This means that while the analyst believes the stock is currently undervalued, they do not expect significant growth in the near future.

It's worth noting that the target price set by analysts is not necessarily an accurate reflection of the stock's true value. These prices are based on a variety of factors, including the company's financial performance, market conditions, and other external factors. As such, investors should always do their own research and consider seeking advice from a financial advisor before making any investment decisions.