Equinox Gold (CVE:EQX) Stock Price Expected to Rise, Scotiabank Analyst Says

Equinox Gold (CVE:EQX) had its target price raised by Scotiabank from C$8.75 to C$9.00 in a research report released on Wednesday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on EQX. Royal Bank of Canada lowered their price target on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. CIBC upped their price target on Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd. Finally, Cormark upped their price target on Equinox Gold from C$9.00 to C$10.50 in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Equinox Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$10.05.

Equinox Gold Stock Performance

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

Insider Buying and Selling

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