Equinox Gold (CVE:EQX) Price Target Raised to C$9.25

Equinox Gold (CVE:EQX) had its price objective increased by stock analysts at CIBC from C$6.80 to C$9.25 in a research note issued on Monday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 17.39% from the company’s current price.

EQX has been the subject of several other reports. BMO Capital Markets decreased their price objective on shares of Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. TD Securities decreased their price objective on shares of Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. Scotiabank cut their target price on shares of Equinox Gold from C$7.75 to C$7.00 in a research note on Friday, February 23rd. Finally, Haywood Securities dropped their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$8.25.

Equinox Gold Trading Down 0.9 %

Shares of EQX traded down C$0.07 during trading hours on Monday, hitting C$7.88. 53,583 shares of the stock were exchanged, compared to its average volume of 153,529. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week high of C$8.90. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The business has a 50-day moving average of C$7.88 and a 200-day moving average of C$7.88. The firm has a market capitalization of C$892.46 million and a P/E ratio of -43.54.

Insider Buying and Selling

In related news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$5.88, for a total transaction of C$58,347.24. Over the last 90 days, insiders sold 14,426 shares of company stock worth $84,825.

About Equinox Gold

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in Maranhão State, Brazil; and the Castle Mountain property situated in California, the United States.