Equinox Gold (CVE:EQX) Price Target Cut to C$10.50 by Analysts at National Bankshares

Equinox Gold (CVE:EQX) had its price objective trimmed by National Bankshares from C$11.50 to C$10.50 in a research note published on Friday morning, BayStreet.CA reports.

EQX has been the subject of several other reports. Scotiabank decreased their target price on shares of Equinox Gold from C$7.75 to C$7.00 in a research note on Friday, February 23rd. Haywood Securities decreased their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. Desjardins upgraded shares of Equinox Gold from a hold rating to a buy rating and boosted their target price for the company from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. TD Securities decreased their target price on shares of Equinox Gold from C$8.50 to C$8.00 and set a buy rating for the company in a research note on Friday, February 23rd. Finally, BMO Capital Markets reduced their price objective on shares of Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$8.47.

Equinox Gold Stock Performance

EQX opened at C$7.88 on Friday. 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 firm has a fifty day moving average price of C$7.88 and a 200 day moving average price of C$7.88. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. The stock has a market cap of C$892.46 million and a P/E ratio of -43.54.

Insiders Place Their Bets

In other Equinox Gold news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the 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. Insiders sold a total of 14,426 shares of company stock valued at $84,825 over the last 90 days.

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.