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

Equinox Gold (CVE:EQX) had its price objective hoisted by CIBC from C$6.80 to C$9.25 in a research report report published on Monday morning, BayStreet.CA reports.

Other analysts also recently issued research reports about the company. BMO Capital Markets dropped their price target on Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. Haywood Securities dropped their price target on Equinox Gold from C$11.50 to C$10.50 in a research report on Monday, February 26th. Scotiabank dropped their price target on Equinox Gold from C$7.75 to C$7.00 in a research report on Friday, February 23rd. Desjardins upgraded Equinox Gold from a hold rating to a buy rating and lifted their price target for the company from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. Finally, TD Securities dropped their price target on Equinox Gold from C$8.50 to C$8.00 and set a buy rating for the company in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Equinox Gold has an average rating of Moderate Buy and a consensus price target of C$8.25.

Equinox Gold Stock Performance

Shares of EQX opened at C$7.88 on Monday. The company has a market cap of C$892.46 million and a PE ratio of -43.54. 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 stock has a 50-day moving average price of C$7.88 and a 200-day moving average price of C$7.88. Equinox Gold has a 12-month low of C$4.25 and a 12-month high of C$8.90.

Insider Buying and Selling

In other Equinox Gold 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 value of C$58,347.24. Insiders sold 14,426 shares of company stock worth $84,825 in the last quarter.

Equinox Gold Company Profile

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.