Equinox Gold (CVE:EQX) Given New C$10.50 Price Target at Cormark

Equinox Gold (CVE:EQX) had its price objective hoisted by investment analysts at Cormark from C$9.00 to C$10.50 in a research note issued to investors on Friday,BayStreet.CA reports. Cormark’s price target indicates a potential upside of 33.25% from the stock’s previous close.

EQX has been the topic of a number of other reports. Scotiabank boosted their price target on shares of Equinox Gold from C$8.50 to C$8.75 in a research note on Thursday, November 21st. Royal Bank of Canada dropped their target price on Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. Finally, CIBC boosted their target price on Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$10.03.

Equinox Gold Trading Down 0.9 %

Shares of Equinox Gold stock traded down C$0.07 on Friday, reaching C$7.88. The company had a trading volume of 53,583 shares, compared to its average volume of 153,529. The firm has a market cap of C$892.46 million and a PE ratio of -43.54. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. Equinox Gold has a 52-week low of C$4.25 and a 52-week high of C$8.90. The firm’s 50 day moving average price is C$7.88 and its two-hundred day moving average price is C$7.88.

Insider Transactions at Equinox Gold

In other Equinox Gold news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$7.67, for a total value 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.