Equinox Gold upgraded to Sector Perform from Underperform at RBC Capital

RBC Capital upgraded Equinox Gold to Sector Perform from Underperform with a price target of C$7.25, up from C$5. The firm’s recent site visit to Greenstone confirmed advanced stage progress and near-term operational risks appear to have moderated, the analyst tells investors. The firm’s increased price target is driven by a higher gold price forecast along with updated estimates, the analyst noted.