Equinox Gold (CVE:EQX) Price Target Raised to C$10.50

Equinox Gold (CVE:EQX) had its price target hoisted by Cormark from C$9.00 to C$10.50 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also commented on the stock. Royal Bank of Canada dropped their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. Scotiabank raised their price objective on shares of Equinox Gold from C$8.50 to C$8.75 in a report on Thursday, November 21st. Finally, CIBC raised their target price on shares of Equinox Gold from C$8.80 to C$9.50 in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$10.03.

Equinox Gold Trading Down 0.9 %

EQX opened at C$7.88 on Friday. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The firm’s fifty day moving average is C$7.88 and its two-hundred day moving average is C$7.88. The firm has a market cap of C$892.46 million and a PE ratio of -43.54.

Insider Activity

In other news, Senior Officer Sebastian D’amici sold 12,000 shares of Equinox Gold stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$8.75, for a total value of C$105,000.00. Also, Senior Officer Gordana Vicentijevic sold 7,000 shares of Equinox Gold stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$7.67, for a total transaction of C$53,690.00.

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.