Equinox Gold (CVE:EQX) Given New C$9.50 Price Target at CIBC

Equinox Gold (CVE:EQXFree Report) had its price target boosted by CIBC from C$8.75 to C$9.50 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Equinox Gold from C$7.00 to C$8.00 in a research report on Wednesday, May 1st. National Bankshares cut their target price on Equinox Gold from C$10.25 to C$10.00 in a research report on Friday, May 10th. Cormark lowered their price target on Equinox Gold from C$9.00 to C$8.50 in a research report on Friday, May 10th. BMO Capital Markets boosted their price objective on Equinox Gold from C$8.00 to C$10.00 in a report on Monday, April 29th. Finally, TD Securities lowered their target price on Equinox Gold from C$10.00 to C$9.50 in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$9.27.

View Our Latest Analysis on Equinox Gold

Equinox Gold Stock Performance

CVE EQX opened at C$7.88 on Wednesday. The stock has a market cap of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The stock has a fifty day simple moving average of C$7.88 and a 200-day simple moving average of C$7.88. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28.

Insider Buying and Selling at Equinox Gold

In other news, Director Lenard Boggio sold 52,741 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of C$7.62, for a total transaction of C$401,886.42.

About Equinox Gold

(Get Free Report)

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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