Scotiabank Cuts Equinox Gold (CVE:EQX) Price Target to C$8.50

Equinox Gold (CVE:EQX) had its price objective reduced by Scotiabank from C$9.00 to C$8.50 in a report issued on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Other equities analysts have also issued reports about the stock. BMO Capital Markets set a C$11.00 price target on shares of Equinox Gold and gave the stock an “outperform” rating in a research report on Wednesday. CIBC increased their target price on Equinox Gold from C$9.50 to C$10.00 and gave the stock a “neutral” rating in a report on Monday, April 7th. Royal Bank Of Canada raised their price target on Equinox Gold from C$11.00 to C$12.00 in a research report on Wednesday, June 4th. Finally, National Bankshares upped their price objective on shares of Equinox Gold from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$11.28.

Equinox Gold Stock Performance

Shares of CVE EQX opened at C$7.88 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. 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 12 month low of C$4.25 and a 12 month high of C$8.90. The company has a market capitalization of C$892.46 million and a P/E ratio of -43.54.

Insider Buying and Selling

In other Equinox Gold news, Director Maryse Belanger sold 17,148 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$8.34, for a total value of C$143,014.32.

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.