National Bankshares Increases Equinox Gold (TSE:EQX) Price Target to C$28.00

Equinox Gold (TSE:EQX) had its price objective hoisted by stock analysts at National Bankshares from C$23.00 to C$28.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 45.15% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. Stifel Canada upgraded shares of Equinox Gold to a “strong-buy” rating in a research report on Monday, December 1st. BMO Capital Markets upped their price target on shares of Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. Finally, CIBC boosted their target price on Equinox Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Three research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$23.40.

Equinox Gold Stock Performance

Shares of EQX traded up C$0.66 during mid-day trading on Tuesday, reaching C$19.29. 1,033,948 shares of the company’s stock traded hands, compared to its average volume of 2,084,180. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The business’s 50-day moving average price is C$16.90 and its 200-day moving average price is C$12.61. The stock has a market capitalization of C$15.14 billion, a P/E ratio of 192.90 and a beta of 2.58. Equinox Gold has a 12 month low of C$7.13 and a 12 month high of C$19.97.

Equinox Gold (TSE:EQX) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 earnings per share (EPS) for the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%.The business had revenue of C$1.14 billion during the quarter. Equities analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Blayne Barry Johnson sold 105,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of C$14.91, for a total transaction of C$1,565,550.00. Following the completion of the sale, the director directly owned 1,706,616 shares of the company’s stock, valued at C$25,445,644.56. This trade represents a 5.80% decrease in their position. Also, insider David Chester Schummer bought 9,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was bought at an average price of C$15.20 per share, for a total transaction of C$138,320.00. Following the completion of the acquisition, the insider directly owned 168,222 shares in the company, valued at approximately C$2,556,974.40. The trade was a 5.72% increase in their ownership of the stock. Company insiders own 6.40% of the company’s stock.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.