National Bankshares Lowers Equinox Gold (CVE:EQX) Price Target to C$10.50

Equinox Gold (CVE:EQX) had its price target reduced by investment analysts at National Bankshares from C$11.50 to C$10.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 33.25% from the company’s previous close.

A number of other research analysts have also commented on the company. BMO Capital Markets cut their price target on Equinox Gold from C$8.00 to C$7.50 in a report on Friday, February 23rd. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from C$7.25 to C$7.75 in a report on Tuesday, January 30th. Haywood Securities cut their price target on Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. CIBC upped their price target on Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. Finally, Scotiabank cut their price target on Equinox Gold from C$7.75 to C$7.00 in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$8.47.

Equinox Gold Stock Down 0.9 %

Shares of Equinox Gold stock opened at C$7.88 on Friday. Equinox Gold has a 12-month low of C$4.25 and a 12-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 stock has a 50 day moving average price of C$7.88 and a two-hundred day moving average price of C$7.88. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28.

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 on Thursday, January 25th. The stock was sold at an average price of C$5.88, for a total value of C$58,347.24. Over the last ninety days, insiders sold 14,426 shares of company stock worth $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.