TD Securities ups target price to $2.25From TD Analyst report yesterday:
“As Aurizona ramps-up to design operating rates, we believe that there will be a significant re-rate from a developer discount to a premium producer multiple. We have Equinox trading at ~0.6x NAV and junior to mid-tier producers in our coverage universe generally trading between 0.7x-1.4x NAV, with multi-mine producers at the higher end of the range.
August 2, 2019”