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

Equinox Gold (CVE:EQX) had its target price upped by National Bankshares from C$13.00 to C$14.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also weighed in on EQX. Scotiabank lifted their target price on shares of Equinox Gold from C$8.75 to C$9.00 in a research note on Wednesday, January 15th. CIBC lifted their price objective on Equinox Gold from C$8.80 to C$9.50 in a research report on Monday, December 2nd. Finally, Cormark increased their target price on Equinox Gold from C$9.00 to C$10.50 in a research report on Friday, January 10th.

Equinox Gold Stock Performance

CVE:EQX opened at C$7.88 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The firm’s fifty day simple moving average is C$7.88 and its 200 day simple moving average is C$7.88. The stock has a market cap of C$892.46 million and a P/E ratio of -43.54. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90.

Insider Buying and Selling at Equinox Gold

In other news, Senior Officer Sebastian D’amici sold 23,062 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of C$8.21, for a total value of C$189,339.02. Also, Senior Officer Kelly Grant Boychuk sold 10,966 shares of Equinox Gold stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of C$8.41, for a total value of C$92,224.06. Over the last quarter, insiders sold 64,008 shares of company stock valued at $545,544.

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.