Scotiabank Forecasts Strong Price Appreciation for Equinox Gold (CVE:EQX) Stock

Equinox Gold (CVE:EQXGet Free Report) had its target price hoisted by equities research analysts at Scotiabank from C$8.75 to C$9.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 14.21% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada cut their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. CIBC boosted their price target on Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd. Finally, Cormark raised their price objective on Equinox Gold from C$9.00 to C$10.50 in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.05.

Check Out Our Latest Analysis on Equinox Gold

Equinox Gold Trading Down 0.9 %

CVE EQX opened at C$7.88 on Wednesday. The stock has a market cap of C$892.46 million and a P/E ratio of -43.54. The company’s fifty day simple moving average is C$7.88 and its 200-day simple moving average is 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. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90.

Insiders Place Their Bets

In other news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$7.67, for a total transaction of C$53,690.00. Also, Senior Officer Sebastian D’amici sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total value of C$105,000.00.

Equinox Gold Company Profile

(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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Analyst Recommendations for Equinox Gold (CVE:EQX)

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