RBC Capital analyst Wayne Lam lowered the firm’s price target on Equinox Gold (EQX) to C$10 from C$11 and keeps a Sector Perform rating on the shares. Following a tour of the Greenstone site, the firm said it felt management had “identified and addressed initial challenges typical of a new large-scale mine,” but added that investors might “scrutinize balance sheet flexibility should these issues (that caused the slower ramp up) persist.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQX:
- Equinox Gold price target lowered to C$10.50 from C$12 at National Bank
- Equinox Gold Boosts Production at Greenstone Mine
- Board Reshuffle at Equinox Gold Following Share Sale
- Equinox Gold price target raised to C$12 from C$10 at National Bank
- Equinox announces convertible note conversion, bought deal secondary offering