Analysts Set Equinox Gold Corp (CVE:EQX) Price Target at C$7.98

Equinox Gold Corp (CVE:EQX) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$8.25.

A number of analysts have recently weighed in on the stock. CIBC upped their price target on shares of Equinox Gold from C$6.80 to C$9.25 in a report on Monday. Scotiabank cut their price target on shares of Equinox Gold from C$7.75 to C$7.00 in a report on Friday, February 23rd. BMO Capital Markets cut their price target on shares of Equinox Gold from C$8.00 to C$7.50 in a report on Friday, February 23rd. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from C$7.25 to C$7.75 in a report on Tuesday, January 30th. Finally, Haywood Securities dropped their price objective on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at C$7.88 on Friday. The company has a 50 day moving average of C$7.88 and a 200-day moving average of C$7.88. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The company has a market cap of C$892.46 million and a PE ratio of -43.54.

Insider Buying and Selling at Equinox Gold

In other Equinox Gold news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$5.88, for a total value of C$58,347.24. In the last ninety days, insiders sold 14,426 shares of company stock worth $84,825.

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.