CIBC Increases Equinox Gold (CVE:EQX) Price Target to C$9.25

Equinox Gold (CVE:EQX) had its price objective upped by CIBC from C$6.80 to C$9.25 in a research note released on Monday morning, BayStreet.CA reports.

Several other analysts have also recently weighed in on EQX. Scotiabank dropped their price target on shares of Equinox Gold from C$7.75 to C$7.00 in a research note on Friday, February 23rd. Haywood Securities dropped their price target on shares of Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. TD Securities dropped their price target on shares of Equinox Gold from C$8.50 to C$8.00 and set a buy rating for the company in a research note on Friday, February 23rd. Desjardins raised shares of Equinox Gold from a hold rating to a buy rating and increased their price objective for the stock from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. Finally, BMO Capital Markets lowered their price objective on shares of Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$8.25.

Equinox Gold Stock Performance

Equinox Gold stock opened at C$7.88 on Monday. The firm has a 50 day simple moving average of C$7.88 and a 200-day simple moving average of C$7.88. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The stock has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Insiders Place Their Bets

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 transaction of C$58,347.24. Insiders have sold a total of 14,426 shares of company stock worth $84,825 in the last ninety days.

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.