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

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

A number of other analysts have also recently commented on the company. BMO Capital Markets lifted their target price on Equinox Gold from C$8.00 to C$10.00 in a research report on Monday, April 29th. Cormark cut their price target on Equinox Gold from C$9.00 to C$8.50 in a research report on Friday, May 10th. TD Securities decreased their price objective on Equinox Gold from C$10.00 to C$9.50 in a report on Friday, May 10th. Scotiabank lifted their target price on shares of Equinox Gold from C$6.75 to C$7.75 in a report on Thursday, May 23rd. Finally, National Bankshares decreased their price target on shares of Equinox Gold from C$10.25 to C$10.00 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. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$9.34.

Equinox Gold Price Performance

Shares of CVE:EQX opened at C$7.88 on Tuesday. 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 capitalization of C$892.46 million and a P/E ratio of -43.54. 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 company’s fifty day moving average price is C$7.88 and its 200 day moving average price is C$7.88.

Insiders Place Their Bets

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

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.