Equinox Gold (CVE:EQX) Given New C$9.50 Price Target at BMO Capital Markets

Equinox Gold (CVE:EQXGet Rating) had its target price decreased by BMO Capital Markets from C$13.00 to C$9.50 in a research note issued to investors on Friday, BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. CIBC lowered shares of Equinox Gold from a neutral rating to an underperform rating and reduced their price objective for the company from C$9.25 to C$5.75 in a research report on Monday, June 27th. Cormark decreased their target price on shares of Equinox Gold from C$12.00 to C$10.00 in a report on Thursday, May 5th. TD Securities decreased their target price on shares of Equinox Gold from C$12.50 to C$10.00 in a report on Thursday, July 21st. Stifel Nicolaus decreased their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a report on Friday. Finally, National Bankshares cut shares of Equinox Gold from an outperform rating to a sector perform rating and decreased their target price for the stock from C$7.25 to C$7.00 in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equinox Gold has a consensus rating of Hold and a consensus price target of C$9.78.

Equinox Gold Stock Performance

CVE:EQX opened at C$7.88 on Friday. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The company has a 50-day moving average of C$7.88 and a 200-day moving average of C$7.88. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Insider Activity at Equinox Gold

In other news, Director Christian Milau sold 5,148 shares of Equinox Gold stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of C$6.85, for a total value of C$35,263.80. Following the transaction, the director now owns 244,305 shares of the company’s stock, valued at C$1,673,489.25. In other Equinox Gold news, Director Gregory Smith sold 24,750 shares of Equinox Gold stock in a transaction on Friday, June 10th. The shares were sold at an average price of C$7.75, for a total transaction of C$191,812.50. Following the sale, the director now owns 325,672 shares in the company, valued at C$2,523,958. Also, Director Christian Milau sold 5,148 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of C$6.85, for a total transaction of C$35,263.80. Following the completion of the sale, the director now owns 244,305 shares in the company, valued at approximately C$1,673,489.25. Over the last quarter, insiders have sold 37,847 shares of company stock valued at $284,862.

Equinox Gold Company Profile

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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.

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Analyst Recommendations for Equinox Gold (CVE:EQX)

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