Equinox Gold (CVE:EQX) Price Target Cut to C$10.50

Equinox Gold (CVE:EQX) had its target price cut by National Bankshares from C$11.50 to C$10.50 in a research note issued to investors on Friday, BayStreet.CA reports.

Several other analysts have also recently commented on EQX. Desjardins upgraded Equinox Gold from a hold rating to a buy rating and lifted 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. CIBC boosted their target price on Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. BMO Capital Markets decreased their target price on Equinox Gold from C$8.00 to C$7.50 in a report on Friday, February 23rd. Finally, TD Securities decreased their target price on Equinox Gold from C$8.50 to C$8.00 and set a buy rating for the company in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Equinox Gold currently has an average rating of Moderate Buy and a consensus target price of C$8.47.

Equinox Gold Stock Down 0.9 %

EQX opened at C$7.88 on Friday. 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 stock has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54. The business has a 50-day moving average of C$7.88 and a two-hundred day moving average of C$7.88. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90.

Insider Activity at Equinox Gold

In related 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 stock was sold at an average price of C$5.88, for a total transaction of C$58,347.24. In the last ninety days, insiders have sold 14,426 shares of company stock valued at $84,825.

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.