Equinox Gold (CVE:EQX) Price Target Lowered to C$12.00 at National Bankshares

Equinox Gold (CVE:EQXGet Rating) had its price objective reduced by National Bankshares from C$14.00 to C$12.00 in a report released on Friday morning, BayStreet.CA reports.

A number of other research analysts have also recently weighed in on EQX. Royal Bank of Canada reduced their target price on Equinox Gold from C$12.00 to C$10.00 and set a sector perform rating on the stock in a report on Monday, January 31st. CIBC lifted their target price on Equinox Gold from C$10.00 to C$10.75 and gave the company a neutral rating in a report on Friday, March 11th. TD Securities reduced their target price on Equinox Gold from C$15.50 to C$12.50 and set a buy rating on the stock in a report on Thursday. Cormark reduced their target price on Equinox Gold from C$12.00 to C$10.00 in a report on Thursday. Finally, Canaccord Genuity Group lifted their target price on Equinox Gold from C$10.00 to C$15.00 in a report on Friday, April 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$11.83.

Shares of Equinox Gold stock opened at C$7.88 on Friday. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The stock has a market capitalization of C$892.46 million and a P/E ratio of -43.54. 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 business’s fifty day moving average price is C$7.88 and its 200 day moving average price is C$7.88.

In other Equinox Gold news, Director Gregory Smith sold 23,205 shares of the business’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$249,685.80. Following the transaction, the director now owns 318,211 shares in the company, valued at C$3,423,950.36.

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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