Equinox Gold (CVE:EQX) Given New C$10.25 Price Target at Scotiabank

Equinox Gold (CVE:EQXGet Rating) had its price target reduced by Scotiabank from C$11.75 to C$10.25 in a research note issued to investors on Friday, BayStreet.CA reports.

EQX has been the topic of several other reports. Stifel Nicolaus reduced their target price on Equinox Gold from C$11.50 to C$10.50 in a report on Friday. TD Securities dropped their target price on Equinox Gold from C$12.50 to C$10.00 in a research report on Thursday, July 21st. BMO Capital Markets boosted their price target on Equinox Gold from C$13.50 to C$14.50 in a report on Thursday, May 5th. National Bankshares lowered Equinox Gold from an outperform rating to a sector perform rating and lowered their price target for the company from C$7.25 to C$7.00 in a report on Friday, July 29th. Finally, Cormark reduced their price objective on shares of Equinox Gold from C$12.00 to C$10.00 in a research note on Thursday, May 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of C$9.78.

Equinox Gold Price Performance

CVE:EQX 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’s 50-day simple moving average is C$7.88 and its two-hundred day simple moving average is C$7.88. The stock has a market cap of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90.

Insider Transactions at Equinox Gold

In related news, Director Christian Milau sold 5,148 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of C$6.85, for a total value of C$35,263.80. Following the transaction, the director now directly owns 244,305 shares of the company’s stock, valued at approximately C$1,673,489.25. In other Equinox Gold news, Director Christian Milau sold 5,148 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of C$6.85, for a total value of C$35,263.80. Following the sale, the director now directly owns 244,305 shares of the company’s stock, valued at C$1,673,489.25. Also, Senior Officer Rhylin Pauline Arkinstall Bailie sold 6,948 shares of the company’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of C$7.33, for a total transaction of C$50,928.84. Following the transaction, the insider now owns 10,077 shares of the company’s stock, valued at approximately C$73,864.41. Over the last three months, insiders have sold 37,847 shares of company stock valued at $284,862.

About Equinox Gold

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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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Analyst Recommendations for Equinox Gold (CVE:EQX)

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