Equinox Gold (CVE:EQX) Given New C$10.50 Price Target at Cormark

Equinox Gold (CVE:EQX) had its price objective increased by Cormark from C$9.00 to C$10.50 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the company. CIBC lifted their price objective on Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd. Scotiabank lifted their price target on Equinox Gold from C$8.50 to C$8.75 in a research note on Thursday, November 21st. Finally, Royal Bank of Canada reduced their price objective on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.03.

Equinox Gold Stock Performance

EQX opened at C$7.88 on Friday. The firm’s fifty day simple moving average is C$7.88 and its two-hundred day simple moving average is C$7.88. Equinox Gold has a 52-week low of C$4.25 and a 52-week high of C$8.90. The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28.

Insiders Place Their Bets

In other news, Senior Officer Sebastian D’amici sold 12,000 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total value of C$105,000.00. Also, Senior Officer Gordana Vicentijevic sold 7,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$7.67, for a total value of C$53,690.00.

Equinox Gold Company Profile

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.