Equinox Gold (CVE:EQX) Price Target Raised to C$20.50

Equinox Gold (CVE:EQX) had its price target hoisted by Canaccord Genuity Group from C$12.50 to C$20.50 in a research note released on Thursday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on EQX. Royal Bank Of Canada upgraded Equinox Gold from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$11.00 to C$17.00 in a research report on Wednesday, September 10th. TD Securities lifted their target price on shares of Equinox Gold from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, September 5th. National Bankshares boosted their target price on shares of Equinox Gold from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Scotiabank dropped their price target on shares of Equinox Gold from C$9.00 to C$8.50 and set a “sector perform” rating on the stock in a research report on Wednesday, June 18th. Finally, BMO Capital Markets set a C$11.00 price objective on shares of Equinox Gold and gave the stock an “outperform” rating in a research report on Wednesday, June 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$13.06.

Equinox Gold Stock Performance

CVE EQX opened at C$7.88 on Thursday. The firm has a market capitalization of C$892.46 million and a P/E ratio of -43.54. The stock has a 50-day simple moving average of C$7.88 and a two-hundred day simple moving average of C$7.88. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week high of C$8.90.

Insider Activity at Equinox Gold

In other news, Senior Officer David Chester Schummer bought 16,000 shares of Equinox Gold stock in a transaction on Friday, July 11th. The stock was acquired at an average price of C$8.56 per share, with a total value of C$137,000.00.

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.