Scotiabank Boosts Equinox Gold (CVE:EQX) Price Target to C$7.75

Equinox Gold (CVE:EQX) had its target price lifted by Scotiabank from C$6.75 to C$7.75 in a research report released on Thursday morning, BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. Haywood Securities reduced their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a research report on Monday, February 26th. National Bankshares reduced their price objective on shares of Equinox Gold from C$10.25 to C$10.00 in a research report on Friday, May 10th. CIBC reduced their price objective on shares of Equinox Gold from C$9.25 to C$8.75 in a research report on Friday, May 10th. Cormark reduced their price objective on shares of Equinox Gold from C$9.00 to C$8.50 in a research report on Friday, May 10th. Finally, Canaccord Genuity Group increased their price objective on shares of Equinox Gold from C$11.75 to C$12.00 and gave the stock a buy rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$9.20.

Equinox Gold Trading Down 0.9 %

Shares of EQX stock opened at C$7.88 on Thursday. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. The firm has a fifty day moving average price of C$7.88 and a 200-day moving average price of C$7.88. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Insiders Place Their Bets

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

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.