Scotiabank Issues Positive Forecast for Equinox Gold (CVE:EQX) Stock Price

by · The Markets Daily

Equinox Gold (CVE:EQX – Get Free Report) had its price target boosted by equities research analysts at Scotiabank from C$8.75 to C$9.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 14.21% from the company’s current price.

EQX has been the subject of a number of other research reports. CIBC raised their price objective on shares of Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd. Cormark boosted their target price on Equinox Gold from C$9.00 to C$10.50 in a research note on Friday, January 10th. Finally, Royal Bank of Canada dropped their price objective on Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.05.

Get Our Latest Research Report on Equinox Gold

Equinox Gold Price Performance

CVE:EQX traded down C$0.07 during trading hours on Wednesday, hitting C$7.88. The company’s stock had a trading volume of 53,583 shares, compared to its average volume of 153,529. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. 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 company has a market capitalization of C$892.46 million and a P/E ratio of -43.54. The stock has a fifty day simple moving average of C$7.88 and a 200-day simple moving average of C$7.88.

Insider Buying and Selling

In other Equinox Gold news, Senior Officer Sebastian D’amici sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$8.75, for a total transaction of C$105,000.00. Also, Senior Officer Gordana Vicentijevic sold 7,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$7.67, for a total transaction of C$53,690.00.

Equinox Gold Company Profile

(Get Free Report)

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.

See Also