Equinox Gold (CVE:EQX) Price Target Raised to C$14.00

Equinox Gold (CVE:EQX) had its target price raised by stock analysts at National Bankshares from C$13.00 to C$14.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 77.66% from the stock’s previous close.

Several other research firms also recently commented on EQX. Scotiabank upped their price objective on shares of Equinox Gold from C$8.75 to C$9.00 in a report on Wednesday, January 15th. CIBC upped their price objective on shares of Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd. Finally, Cormark upped their price objective on shares of Equinox Gold from C$9.00 to C$10.50 in a report on Friday, January 10th.

Equinox Gold Stock Performance

Shares of EQX stock traded down C$0.07 during trading hours on Wednesday, hitting C$7.88. The company’s stock had a trading volume of 53,583 shares, compared to its average volume of 153,529. The company has a 50 day moving average of C$7.88 and a 200 day moving average of C$7.88. The stock has a market cap of C$892.46 million and a PE ratio of -43.54. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. Equinox Gold has a 12-month low of C$4.25 and a 12-month high of C$8.90.

Insiders Place Their Bets

In related news, Senior Officer Kelly Grant Boychuk sold 10,966 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of C$8.41, for a total value of C$92,224.06. Also, Senior Officer Sebastian D’amici sold 23,062 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of C$8.21, for a total transaction of C$189,339.02. Insiders sold a total of 64,008 shares of company stock valued at $545,544 over the last 90 days.

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.