Equinox Gold (CVE:EQX) Given New C$8.75 Price Target at Scotiabank

Equinox Gold (CVE:EQX) had its target price lifted by Scotiabank from C$8.50 to C$8.75 in a research report report published on Thursday,BayStreet.CA reports.

A number of other research firms also recently issued reports on EQX. CIBC decreased their price target on shares of Equinox Gold from C$9.50 to C$8.80 in a research note on Friday, October 4th. Haywood Securities decreased their price target on shares of Equinox Gold from C$12.75 to C$11.50 in a research note on Friday, August 9th. Finally, Royal Bank of Canada decreased their price target on shares of Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$9.76.

Equinox Gold Price Performance

Shares of CVE:EQX opened at C$7.88 on Thursday. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. 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 fifty-two week low of C$4.25 and a fifty-two week high of C$8.90. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Insider Activity

In other news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the stock in a transaction on 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.