Equinox Gold (CVE:EQX) PT Raised to C$15.00

Equinox Gold (CVE:EQX – Get Rating) had its price objective increased by equities research analysts at Canaccord Genuity Group from C$10.00 to C$15.00 in a note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 90.36% from the company’s previous close.

EQX has been the topic of several other reports. BMO Capital Markets dropped their price target on Equinox Gold from C$14.50 to C$11.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 26th. CIBC lifted their price target on Equinox Gold from C$10.00 to C$10.75 and gave the stock a “neutral” rating in a research report on Friday, March 11th. Scotiabank lifted their price target on Equinox Gold from C$11.50 to C$12.25 in a research report on Tuesday. Royal Bank of Canada dropped their price target on Equinox Gold from C$12.00 to C$10.00 and set a “sector perform” rating on the stock in a research report on Monday, January 31st. Finally, National Bankshares lifted their price target on Equinox Gold from C$13.00 to C$14.00 in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$12.19.

EQX traded down C$0.07 on Friday, hitting C$7.88. The company had a trading volume of 53,583 shares, compared to its average volume of 153,529. The company’s fifty day moving average price is C$7.88 and its 200 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 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 cap of C$892.46 million and a price-to-earnings ratio of -43.54.

In related news, Senior Officer Doug Reddy purchased 26,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 27th. The shares were acquired at an average price of C$7.44 per share, with a total value of C$197,160.00. Following the purchase, the insider now directly owns 150,949 shares in the company, valued at C$1,123,060.56. Also, Director Gregory Smith sold 35,440 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of C$10.65, for a total value of C$377,436.00. Following the completion of the sale, the director now directly owns 317,787 shares in the company, valued at approximately C$3,384,431.55.

Equinox Gold Company Profile (Get Rating)

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.

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