Equinox Gold (TSE:EQX) Given New C$28.00 Price Target at National Bankshares

Equinox Gold (TSE:EQX) had its price target upped by National Bankshares from C$23.00 to C$28.00 in a research report report published on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

EQX has been the subject of a number of other reports. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. TD Securities boosted their price target on Equinox Gold from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Friday, November 7th. Finally, CIBC increased their target price on shares of Equinox Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$23.40.

Equinox Gold Stock Up 4.1%

EQX stock opened at C$19.40 on Tuesday. The stock has a market cap of C$15.22 billion, a PE ratio of 194.00 and a beta of 2.58. The firm’s 50-day simple moving average is C$16.98 and its 200 day simple moving average is C$12.68. Equinox Gold has a fifty-two week low of C$7.13 and a fifty-two week high of C$19.97. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share (EPS) for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. The firm had revenue of C$1.14 billion during the quarter. As a group, sell-side analysts predict that Equinox Gold will post 1.3865979 EPS for the current year.

Insider Activity

In other Equinox Gold news, insider David Chester Schummer acquired 9,100 shares of the stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of C$15.20 per share, with a total value of C$138,320.00. Following the purchase, the insider directly owned 168,222 shares of the company’s stock, valued at approximately C$2,556,974.40. This trade represents a 5.72% increase in their position. 6.40% of the stock is owned by corporate insiders.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.