Equinox Gold (CVE:EQX) Given New C$8.75 Price Target at Scotiabank

Equinox Gold (CVE:EQX) had its price objective raised by Scotiabank from C$8.50 to C$8.75 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Several other brokerages have also recently issued reports on EQX. CIBC decreased their target price on shares of Equinox Gold from C$9.50 to C$8.80 in a report on Friday, October 4th. Royal Bank of Canada decreased their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. Finally, Haywood Securities decreased their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Three equities 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.com, Equinox Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$9.76.

Equinox Gold Stock Down 0.9 %

Shares of Equinox Gold stock opened at C$7.88 on Thursday. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The stock has a market capitalization of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a 52-week low of C$4.25 and a 52-week high of C$8.90. The company has a 50-day simple moving average of C$7.88 and a two-hundred day simple moving average of C$7.88.

Insider Buying and Selling at Equinox Gold

In other Equinox Gold news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$7.67, for a total transaction 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.