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

Equinox Gold (CVE:EQX) had its target price lifted by CIBC from C$8.80 to C$9.50 in a research report report published on Monday morning,BayStreet.CA reports.

EQX has been the topic of a number of other reports. Royal Bank of Canada decreased their price target on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. Scotiabank boosted their price objective on Equinox Gold from C$8.50 to C$8.75 in a report on Thursday, November 21st. Finally, Haywood Securities decreased their price target on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Equinox Gold presently has a consensus rating of “Moderate Buy” and an average target price of C$9.83.

Equinox Gold Stock Down 0.9 %

Shares of Equinox Gold stock opened at C$7.88 on Monday. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The company has a market cap of C$892.46 million and a P/E ratio of -43.54. Equinox Gold has a one year low of C$4.25 and a one year high of C$8.90. The firm has a fifty day moving average of C$7.88 and a two-hundred day moving average of C$7.88.

Insider Activity at Equinox Gold

In other Equinox Gold news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$7.67, for a total transaction of C$53,690.00.

About Equinox Gold

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.