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

Equinox Gold (CVE:EQX) had its target price raised by Cormark from C$9.00 to C$10.50 in a report released on Friday morning,BayStreet.CA reports.

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

Equinox Gold Stock Performance

Shares of EQX stock opened at C$7.88 on Friday. The firm has a 50 day moving average of C$7.88 and a two-hundred day moving average of C$7.88. The stock has a market capitalization of C$892.46 million and a PE ratio of -43.54. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90.

Insider Activity at Equinox Gold

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