Canaccord Genuity Group Increases Equinox Gold (CVE:EQX) Price Target to C$12.75

Posted by Maria Luz-Campos on Jul 27th, 2024

Equinox Gold (CVE:EQX – Free Report) had its price objective boosted by Canaccord Genuity Group from C$12.00 to C$12.75 in a report issued on Tuesday morning, BayStreet.CA reports.

EQX has been the topic of a number of other reports. BMO Capital Markets increased their target price on shares of Equinox Gold from C$8.00 to C$10.00 in a report on Monday, April 29th. National Bankshares reduced their price objective on Equinox Gold from C$10.25 to C$10.00 in a research note on Friday, May 10th. CIBC boosted their target price on Equinox Gold from C$8.75 to C$9.50 in a research note on Wednesday, July 10th. Royal Bank of Canada upped their price target on Equinox Gold from C$7.00 to C$8.00 in a report on Wednesday, May 1st. Finally, Cormark decreased their price objective on Equinox Gold from C$9.00 to C$8.50 in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$9.34.

Check Out Our Latest Stock Analysis on Equinox Gold

Equinox Gold Price Performance

EQX opened at C$7.88 on Tuesday. The stock’s 50-day moving average price is C$7.88 and its 200 day moving average price is C$7.88. Equinox Gold has a 12-month low of C$4.25 and a 12-month high of C$8.90. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28.

Insiders Place Their Bets

In other news, Director Lenard Boggio sold 52,741 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of C$7.62, for a total value of C$401,886.42.

Equinox Gold Company Profile

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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.