Equinox Gold (CVE:EQX) Given New C$10.50 Price Target at National Bankshares

Equinox Gold (CVE:EQX) had its price target lowered by National Bankshares from C$11.50 to C$10.50 in a research report released on Friday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. CIBC raised their price target on shares of Equinox Gold from C$6.80 to C$9.25 in a research note on Monday, April 15th. TD Securities cut their price target on shares of Equinox Gold from C$8.50 to C$8.00 and set a buy rating for the company in a report on Friday, February 23rd. Haywood Securities dropped their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. BMO Capital Markets lowered their target price on shares of Equinox Gold from C$8.00 to C$7.50 in a research note on Friday, February 23rd. Finally, Desjardins raised shares of Equinox Gold from a hold rating to a buy rating and raised their price objective for the company from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Equinox Gold currently has a consensus rating of Moderate Buy and a consensus target price of C$8.47.

Equinox Gold Stock Performance

Shares of CVE EQX opened at C$7.88 on Friday. The stock has a market cap of C$892.46 million and a PE ratio of -43.54. The firm has a fifty day moving average price of C$7.88 and a 200-day moving average price of C$7.88. Equinox Gold has a 1 year low of C$4.25 and a 1 year 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.

Insider Activity at Equinox Gold

In related news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the stock in a transaction 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.

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.