Scotiabank Issues Positive Forecast for Equinox Gold (CVE:EQX) Stock Price

Equinox Gold (CVE:EQX) had its target price upped by Scotiabank from C$8.75 to C$9.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on EQX. Cormark lifted their price target on shares of Equinox Gold from C$9.00 to C$10.50 in a research note on Friday, January 10th. CIBC lifted their price target on shares of Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$10.05.

Equinox Gold Stock Down 0.9 %

EQX opened at C$7.88 on Wednesday. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week 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 firm’s fifty day moving average price is C$7.88 and its two-hundred day moving average price is C$7.88. The company has a market capitalization of C$892.46 million and a P/E ratio of -43.54.

Insider Buying and Selling

In other Equinox Gold news, Senior Officer Sebastian D’amici sold 12,000 shares of the business’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total transaction of C$105,000.00. Also, Senior Officer Gordana Vicentijevic sold 7,000 shares of the business’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.