Equinox Gold (CVE:EQX) Price Target Cut to C$10.50

Equinox Gold (CVE:EQX) had its price objective reduced by National Bankshares from C$11.50 to C$10.50 in a research report report published on Friday, BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the stock. Haywood Securities lowered their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. TD Securities cut their price target on shares of Equinox Gold from C$8.50 to C$8.00 and set a buy rating on the stock in a report on Friday, February 23rd. CIBC upped their price target on shares of Equinox Gold from C$6.80 to C$9.25 in a research report on Monday, April 15th. BMO Capital Markets decreased their target price on shares of Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. Finally, Desjardins raised shares of Equinox Gold from a hold rating to a buy rating and raised their price target for the stock from C$7.25 to C$7.75 in a report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$8.47.

Equinox Gold Stock Down 0.9 %

EQX opened at C$7.88 on Friday. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week high of C$8.90. The firm’s fifty day moving average is C$7.88 and its 200 day moving average is C$7.88. The stock has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Insider Buying and Selling

In other Equinox Gold news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$5.88, for a total value of C$58,347.24.

About Equinox Gold

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.