Equinox Gold (CVE:EQX) Given New C$7.60 Price Target at CIBC

Equinox Gold (CVE:EQXFree Report) had its price target raised by CIBC from C$7.20 to C$7.60 in a research report sent to investors on Wednesday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the stock. BMO Capital Markets set a C$8.00 target price on shares of Equinox Gold and gave the stock an outperform rating in a research report on Thursday, January 18th. Desjardins upgraded shares of Equinox Gold from a hold rating to a buy rating and raised their target price for the stock from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Equinox Gold currently has a consensus rating of Moderate Buy and a consensus target price of C$7.91.

Check Out Our Latest Stock Analysis on EQX

Equinox Gold Stock Down 0.9 %

EQX stock opened at C$7.88 on Wednesday. The company’s 50 day simple moving average is C$7.88 and its 200-day simple moving average is C$7.88. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a 12 month low of C$4.25 and a 12 month 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.

Insider Buying and Selling

In related news, Senior Officer Susan Caroline Toews sold 13,240 shares of Equinox Gold stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of C$6.74, for a total transaction of C$89,237.60. In other Equinox Gold news, Senior Officer Susan Caroline Toews sold 13,240 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of C$6.74, for a total transaction of C$89,237.60. Also, Director Gordon Campbell sold 10,670 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of C$6.27, for a total transaction of C$66,900.90. Insiders have sold 69,267 shares of company stock valued at $447,682 in the last quarter.

Equinox Gold Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Equinox Gold (CVE:EQX)

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