Equinox Gold (CVE:EQX) Given New C$12.50 Price Target at TD Securities

Equinox Gold (CVE:EQXGet Rating) had its price objective reduced by TD Securities from C$15.50 to C$12.50 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on EQX. CIBC increased their price target on Equinox Gold from C$10.00 to C$10.75 and gave the company a neutral rating in a research report on Friday, March 11th. Scotiabank lowered shares of Equinox Gold from an outperform rating to a sector perform rating and dropped their price target for the company from C$12.25 to C$11.75 in a research report on Wednesday. National Bankshares increased their price objective on shares of Equinox Gold from C$13.00 to C$14.00 in a research note on Wednesday, April 20th. Royal Bank of Canada dropped their target price on shares of 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, Canaccord Genuity Group upped their target price on Equinox Gold from C$10.00 to C$15.00 in a report on Friday, April 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Equinox Gold currently has an average rating of Hold and an average target price of C$12.06.

Shares of Equinox Gold stock opened at C$7.88 on Thursday. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The business has a 50 day moving average price of C$7.88 and a 200-day moving average price of C$7.88. The company has a market cap of C$892.46 million and a PE ratio of -43.54.

In other news, Director Gregory Smith sold 23,205 shares of the stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$249,685.80. Following the completion of the transaction, the director now directly owns 318,211 shares of the company’s stock, valued at approximately C$3,423,950.36.

About Equinox Gold (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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