Equinox Gold (CVE:EQX) Stock Price Expected to Rise, CIBC Analyst Says

Equinox Gold (CVE:EQX) had its target price hoisted by research analysts at CIBC from C$9.50 to C$10.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 26.90% from the stock’s previous close.

Several other research analysts also recently commented on EQX. National Bankshares lifted their target price on Equinox Gold from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. Cormark lifted their price objective on shares of Equinox Gold from C$9.00 to C$10.50 in a research report on Friday, January 10th. Finally, Scotiabank increased their price objective on shares of Equinox Gold from C$8.75 to C$9.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$10.81.

Equinox Gold Trading Down 0.9 %

Shares of CVE:EQX opened at C$7.88 on Monday. Equinox Gold has a 52-week low of C$4.25 and a 52-week high of C$8.90. 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 company has a market capitalization of C$892.46 million and a P/E ratio of -43.54. The company has a 50-day simple moving average of C$7.88 and a 200 day simple moving average of C$7.88.

Insider Activity

In other news, Senior Officer Kelly Grant Boychuk sold 10,966 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of C$8.41, for a total transaction of C$92,224.06. Also, Senior Officer Sebastian D’amici sold 12,000 shares of the business’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$8.75, for a total value of C$105,000.00. Over the last 90 days, insiders sold 64,008 shares of company stock valued at $545,544.

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.