Equinox Gold (TSE:EQX) Price Target Raised to C$22.00 at TD Securities

by · The Cerbat Gem

Equinox Gold (TSE:EQX – Get Free Report) had its target price hoisted by equities researchers at TD Securities from C$20.00 to C$22.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 13.34% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus set a C$24.00 price target on shares of Equinox Gold and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Friday, November 7th. Cibc World Mkts raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. BMO Capital Markets increased their price target on Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. Finally, CIBC boosted their price objective on Equinox Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$22.40.

Read Our Latest Research Report on Equinox Gold

Equinox Gold Stock Performance

Shares of EQX traded down C$0.22 during trading hours on Tuesday, reaching C$19.41. 959,522 shares of the company traded hands, compared to its average volume of 2,092,484. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The business has a fifty day moving average price of C$16.48 and a 200-day moving average price of C$12.24. Equinox Gold has a 12-month low of C$7.13 and a 12-month high of C$19.97. The stock has a market capitalization of C$15.23 billion, a P/E ratio of 194.10 and a beta of 2.41.

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

Insiders Place Their Bets

In other Equinox Gold news, Director Blayne Barry Johnson sold 105,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the completion of the transaction, the director owned 1,706,616 shares in the company, valued at approximately C$25,445,644.56. This represents a 5.80% decrease in their ownership of the stock. Also, insider David Chester Schummer bought 9,100 shares of the stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of C$15.20 per share, for a total transaction of C$138,320.00. Following the completion of the purchase, the insider owned 168,222 shares in the company, valued at approximately C$2,556,974.40. This represents a 5.72% increase in their ownership of the stock. 6.40% of the stock is currently owned by insiders.

About Equinox Gold

(Get Free Report)

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.

Featured Stories