Equinox Gold (CVE:EQX) Price Target Raised to C$9.00

Equinox Gold (CVE:EQX) had its price objective hoisted by research analysts at Scotiabank from C$8.75 to C$9.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 14.21% from the stock’s previous close.

Other analysts also recently issued research reports about the company. CIBC lifted their target price on Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd. Cormark raised their price target on Equinox Gold from C$9.00 to C$10.50 in a report on Friday, January 10th. Finally, Royal Bank of Canada reduced their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$10.05.

Equinox Gold Stock Performance

EQX opened at C$7.88 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The business’s 50 day moving average is C$7.88 and its 200-day moving average is C$7.88. The stock has a market cap of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90.

Insider Buying and Selling

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

Equinox Gold Company Profile

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.