Equinox Gold (CVE:EQX – Get Free Report) had its price objective boosted by analysts at CIBC from C$8.75 to C$9.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 20.56% from the stock’s previous close.
EQX has been the subject of a number of other reports. Canaccord Genuity Group lifted their price target on shares of Equinox Gold from C$11.75 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Scotiabank boosted their price objective on shares of Equinox Gold from C$6.75 to C$7.75 in a research note on Thursday, May 23rd. Royal Bank of Canada upped their price target on shares of Equinox Gold from C$7.00 to C$8.00 in a research note on Wednesday, May 1st. TD Securities cut their price target on shares of Equinox Gold from C$10.00 to C$9.50 in a research note on Friday, May 10th. Finally, Cormark cut their price objective on shares of Equinox Gold from C$9.00 to C$8.50 in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$9.27.
View Our Latest Report on EQX
Equinox Gold Stock Performance
Shares of CVE EQX opened at C$7.88 on Wednesday. The firm’s fifty day moving average is C$7.88 and its two-hundred day moving average is C$7.88. Equinox Gold has a 52-week low of C$4.25 and a 52-week high of C$8.90. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The company has a market cap of C$892.46 million and a P/E ratio of -43.54.
Insider Buying and Selling at Equinox Gold
In other Equinox Gold news, Director Lenard Boggio sold 52,741 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of C$7.62, for a total value of C$401,886.42.
About Equinox Gold
(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.
Further Reading
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