CIBC Boosts Equinox Gold (CVE:EQX) Price Target to C$9.50

Equinox Gold (CVE:EQX) had its price objective lifted by CIBC from C$8.75 to C$9.50 in a report issued on Wednesday morning, BayStreet.CA reports.

EQX has been the subject of several other reports. National Bankshares lowered their price objective on Equinox Gold from C$10.25 to C$10.00 in a research note on Friday, May 10th. BMO Capital Markets lifted their target price on Equinox Gold from C$8.00 to C$10.00 in a research report on Monday, April 29th. Cormark decreased their target price on Equinox Gold from C$9.00 to C$8.50 in a research report on Friday, May 10th. Royal Bank of Canada lifted their price target on Equinox Gold from C$7.00 to C$8.00 in a report on Wednesday, May 1st. Finally, Scotiabank lifted their price target on Equinox Gold from C$6.75 to C$7.75 in a report on Thursday, May 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Equinox Gold presently has an average rating of Moderate Buy and an average price target of C$9.27.

Equinox Gold Stock Performance

CVE: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. Equinox Gold has a 12-month low of C$4.25 and a 12-month high of C$8.90. The stock has a 50-day moving average price of C$7.88 and a 200 day moving average price of C$7.88. The stock has a market capitalization of C$892.46 million and a P/E ratio of -43.54.

Insider Activity at Equinox Gold

In other news, Director Lenard Boggio sold 52,741 shares of Equinox Gold stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of C$7.62, for a total value of C$401,886.42.

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.