CIBC Boosts Equinox Gold (CVE:EQX) Price Target to C$10.00

Equinox Gold (CVE:EQX) had its price objective hoisted by research analysts at CIBC from C$9.50 to C$10.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 26.90% from the stock’s current price.

EQX has been the topic of several other research reports. National Bankshares boosted their price target on shares of Equinox Gold from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Cormark increased their price objective on shares of Equinox Gold from C$9.00 to C$10.50 in a report on Friday, January 10th. Finally, Scotiabank boosted their target price on Equinox Gold from C$8.75 to C$9.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$10.81.

Equinox Gold Stock Performance

Shares of EQX stock traded down C$0.07 during trading on Monday, reaching C$7.88. The company had a trading volume of 53,583 shares, compared to its average volume of 153,529. The company has a market capitalization of C$892.46 million and a PE 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 company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The firm’s 50 day simple moving average is C$7.88 and its two-hundred day simple moving average is C$7.88.

Insider Activity

In other Equinox Gold news, Senior Officer Sebastian D’amici sold 12,000 shares of Equinox Gold stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total transaction of C$105,000.00. Also, Senior Officer Gordana Vicentijevic sold 10,325 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$8.51, for a total value of C$87,865.75. Insiders sold a total of 64,008 shares of company stock worth $545,544 in the last three months.

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.