Equinox Gold (CVE:EQX) Price Target Raised to C$20.50 at Canaccord Genuity Group

Equinox Gold (CVE:EQX) had its price objective lifted by Canaccord Genuity Group from C$12.50 to C$20.50 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. National Bankshares boosted their price objective on shares of Equinox Gold from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Scotiabank decreased their target price 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 note on Wednesday, June 18th. TD Securities lifted their target price on shares of Equinox Gold from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. BMO Capital Markets set a C$11.00 target price on shares of Equinox Gold and gave the stock an “outperform” rating in a research note on Wednesday, June 18th. Finally, Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$11.00 to C$17.00 in a research note on Wednesday, September 10th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$13.06.

Equinox Gold Trading Down 0.9%

Shares of Equinox Gold stock opened at C$7.88 on Thursday. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. The firm has a market cap of C$892.46 million and a PE ratio of -43.54. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The company has a 50 day simple moving average of C$7.88 and a two-hundred day simple moving average of C$7.88.

Insider Transactions at Equinox Gold

In related news, Senior Officer David Chester Schummer acquired 16,000 shares of Equinox Gold stock in a transaction on Friday, July 11th. The shares were acquired at an average cost of C$8.56 per share, with a total value of C$137,000.00.

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.