Equinox Gold (CVE:EQX) Price Target Raised to C$11.75 at Canaccord Genuity Group

Equinox Gold (CVE:EQX) had its target price lifted by Canaccord Genuity Group from C$11.50 to C$11.75 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. National Bankshares dropped their target price on Equinox Gold from C$11.50 to C$10.50 in a research report on Friday, April 19th. Scotiabank lowered their price target on Equinox Gold from C$7.75 to C$7.00 in a report on Friday, February 23rd. Desjardins raised Equinox Gold from a hold rating to a buy rating and raised their price target for the company from C$7.25 to C$7.75 in a report on Tuesday, January 30th. Haywood Securities lowered their price target on Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. Finally, BMO Capital Markets lowered their price target on Equinox Gold from C$8.00 to C$7.50 in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Equinox Gold presently has a consensus rating of Moderate Buy and a consensus target price of C$8.80.

Equinox Gold Price Performance

Shares of CVE EQX opened at C$7.88 on Tuesday. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. 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 business’s fifty day moving average price is C$7.88 and its two-hundred day moving average price is C$7.88. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54.

Insider Activity at Equinox Gold

In related news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of C$5.88, for a total transaction of C$58,347.24.

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.