Equinox Gold (CVE:EQX) Price Target Raised to C$10.00

Equinox Gold (CVE:EQX) had its price objective upped by CIBC from C$9.50 to C$10.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. National Bankshares raised their price objective on shares of Equinox Gold from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. Cormark raised their price target on shares of Equinox Gold from C$9.00 to C$10.50 in a research report on Friday, January 10th. Finally, Scotiabank upped their price objective on shares of Equinox Gold from C$8.75 to C$9.00 in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$10.81.

Equinox Gold Stock Down 0.9 %

Equinox Gold stock opened at C$7.88 on Monday. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The firm has a fifty day moving average price of C$7.88 and a two-hundred day moving average price of C$7.88. 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.

Insiders Place Their Bets

In other news, Senior Officer Kelly Grant Boychuk sold 7,002 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of C$9.29, for a total value of C$65,048.58. Also, Senior Officer Gordana Vicentijevic sold 10,325 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of C$8.51, for a total transaction of C$87,865.75. Insiders sold a total of 52,008 shares of company stock worth $440,544 over the last quarter.

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.