Equinox Gold (CVE:EQX) Price Target Increased to C$11.75 by Analysts at Canaccord Genuity Group

Equinox Gold (CVE:EQX) had its target price boosted by investment analysts at Canaccord Genuity Group from C$11.50 to C$11.75 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 49.11% from the company’s current price.

Several other research firms have also issued reports on EQX. Haywood Securities lowered their price objective on Equinox Gold from C$11.50 to C$10.50 in a research note on Monday, February 26th. Scotiabank lowered their price objective on shares of Equinox Gold from C$7.75 to C$7.00 in a research note on Friday, February 23rd. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating and increased their price target for the company from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. CIBC upped their price objective on shares of Equinox Gold from C$6.80 to C$9.25 in a report on Monday, April 15th. Finally, TD Securities cut their price objective on shares of Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating on the stock 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 presently has an average rating of “Moderate Buy” and a consensus price target of C$8.80.

Equinox Gold Price Performance

Shares of CVE EQX traded down C$0.07 during mid-day trading on Tuesday, reaching C$7.88. The company’s stock had a trading volume of 53,583 shares, compared to its average volume of 153,529. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54. 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 stock has a fifty day moving average of C$7.88 and a two-hundred day moving average of C$7.88. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90.

Insider Activity

In related news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of C$5.88, for a total transaction of C$58,347.24.

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.