Equinox Gold (CVE:EQX) Price Target Raised to C$14.00 at National Bankshares

Equinox Gold (CVE:EQX) had its price target lifted by equities research analysts at National Bankshares from C$13.00 to C$14.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 77.66% from the stock’s previous close.

EQX has been the subject of several other research reports. CIBC upped their target price on shares of Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd. Cormark upped their target price on shares of Equinox Gold from C$9.00 to C$10.50 in a research note on Friday, January 10th. Finally, Scotiabank upped their target price on shares of Equinox Gold from C$8.75 to C$9.00 in a research note on Wednesday, January 15th.

Equinox Gold Stock Performance

EQX opened at C$7.88 on Wednesday. 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’s fifty day moving average price is C$7.88 and its two-hundred day moving average price is 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 market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Insider Activity at Equinox Gold

In other Equinox Gold news, Senior Officer Gordana Vicentijevic sold 10,325 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$8.51, for a total transaction of C$87,865.75. Also, Senior Officer Kelly Grant Boychuk sold 7,002 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of C$9.29, for a total transaction of C$65,048.58. Over the last 90 days, insiders sold 64,008 shares of company stock worth $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.