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

Equinox Gold (CVE:EQX) had its target price raised 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 target indicates a potential upside of 14.21% from the stock’s current price.

A number of other research analysts have also commented on the stock. Cormark raised their price objective on shares of Equinox Gold from C$9.00 to C$10.50 in a research note on Friday, January 10th. CIBC raised their target price on Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd. Finally, Royal Bank of Canada cut their target price on shares of Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.05.

Equinox Gold Stock Performance

Shares of EQX traded down C$0.07 during mid-day trading on Wednesday, hitting C$7.88. The stock had a trading volume of 53,583 shares, compared to its average volume of 153,529. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The company’s fifty day simple moving average is C$7.88 and its two-hundred day simple moving average is 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 market cap of C$892.46 million and a PE ratio of -43.54.

Insider Transactions at Equinox Gold

In related news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the firm’s stock in a transaction 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. Also, Senior Officer Sebastian D’amici sold 12,000 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total transaction of C$105,000.00.

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.