CIBC Raises Equinox Gold (CVE:EQX) Price Target to C$9.25

Equinox Gold (CVE:EQX) had its price target increased by CIBC from C$6.80 to C$9.25 in a report issued on Monday, BayStreet.CA reports.

EQX has been the topic of a number of other reports. TD Securities lowered their target price on shares of Equinox Gold from C$8.50 to C$8.00 and set a buy rating on the stock in a research note on Friday, February 23rd. Haywood Securities decreased their price target on shares of Equinox Gold from C$11.50 to C$10.50 in a research report on Monday, February 26th. Desjardins upgraded shares of Equinox Gold from a hold rating to a buy rating and raised their price target for the stock from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. BMO Capital Markets reduced their price objective on shares of Equinox Gold from C$8.00 to C$7.50 in a report on Friday, February 23rd. Finally, Scotiabank reduced their price objective on shares of Equinox Gold from C$7.75 to C$7.00 in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$8.25.

Equinox Gold Stock Performance

Shares of EQX opened at C$7.88 on Monday. The company’s fifty day moving average is C$7.88 and its 200-day moving average is C$7.88. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90. The firm 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.

Insider Transactions at Equinox Gold

In other news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of Equinox Gold stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$5.88, for a total transaction of C$58,347.24. Insiders sold a total of 14,426 shares of company stock worth $84,825 in the last quarter.

About Equinox Gold

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.