Equinox Gold (CVE:EQX – Get 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 %
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
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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