Equinox Gold (CVE:EQX) PT Raised to C$11.75

Equinox Gold (CVE:EQX) had its price target lifted by CIBC from C$11.00 to C$11.75 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 49.11% from the stock’s previous close.

Other analysts have also issued reports about the company. BMO Capital Markets lowered their price objective on Equinox Gold from C$17.50 to C$15.50 in a research report on Thursday, August 5th. Scotiabank lowered their price objective on Equinox Gold from C$16.75 to C$14.50 in a research report on Monday, August 9th. TD Securities reduced their target price on Equinox Gold from C$17.50 to C$17.00 and set a “buy” rating on the stock in a report on Thursday, August 5th. Canaccord Genuity reduced their target price on Equinox Gold from C$10.50 to C$10.00 in a report on Tuesday, September 21st. Finally, National Bankshares reduced their target price on Equinox Gold from C$13.75 to C$13.50 and set an “outperform” rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$14.92.

Shares of EQX stock opened at C$7.88 on Wednesday. The stock has a 50-day moving average price of C$7.88 and a 200 day moving average price of C$7.88. 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 firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90.

In other news, Director Gregory Smith sold 48,000 shares of Equinox Gold stock in a transaction dated Friday, November 12th. The stock was sold at an average price of C$10.69, for a total transaction of C$513,120.00. Following the transaction, the director now owns 306,723 shares in the company, valued at approximately C$3,278,868.87.

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.

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Analyst Recommendations for Equinox Gold (CVE:EQX)

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