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

Equinox Gold (CVE:EQX) had its price objective upped by equities researchers at National Bankshares from C$11.00 to C$12.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 52.28% from the company’s previous close.

EQX has been the topic of several other reports. Scotiabank dropped their price objective on shares of Equinox Gold from C$9.00 to C$8.50 and set a “sector perform” rating on the stock in a research report on Wednesday, June 18th. Royal Bank Of Canada increased their price objective on shares of Equinox Gold from C$11.00 to C$12.00 in a research report on Wednesday, June 4th. BMO Capital Markets set a C$11.00 price objective on shares of Equinox Gold and gave the company an “outperform” rating in a research report on Wednesday, June 18th. Finally, TD Securities raised shares of Equinox Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from C$11.00 to C$12.00 in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$10.86.

Equinox Gold Stock Down 0.9%

EQX stock opened at C$7.88 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The business 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 market cap of C$892.46 million and a price-to-earnings ratio of -43.54. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90.

Insider Activity at Equinox Gold

In related news, Senior Officer David Chester Schummer acquired 16,000 shares of the stock in a transaction dated Friday, July 11th. The stock was bought at an average price of C$8.56 per share, for a total transaction of C$137,000.00. Also, Director Michael Vint acquired 9,950 shares of the stock in a transaction dated Friday, June 20th. The stock was bought at an average price of C$8.63 per share, with a total value of C$85,818.75. In the last 90 days, insiders have acquired 27,250 shares of company stock valued at $234,246.

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.