National Bankshares Lowers Equinox Gold (CVE:EQX) Price Target to C$10.50

Equinox Gold (CVE:EQX) had its target price decreased by National Bankshares from C$11.50 to C$10.50 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 33.25% from the stock’s current price.

EQX has been the subject of several other research reports. TD Securities lowered their price target on Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. Scotiabank lowered their price target on Equinox Gold from C$7.75 to C$7.00 in a research report on Friday, February 23rd. Haywood Securities lowered their price target on Equinox Gold from C$11.50 to C$10.50 in a research report on Monday, February 26th. Finally, BMO Capital Markets decreased their target price on Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Equinox Gold has an average rating of “Moderate Buy” and an average price target of C$8.47.

Equinox Gold Stock Down 0.9 %

Shares of EQX stock traded down C$0.07 during mid-day trading on Friday, reaching C$7.88. 53,583 shares of the company’s stock traded hands, compared to its average volume of 153,529. 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 cap of C$892.46 million and a P/E ratio of -43.54. 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 company’s 50-day moving average price is C$7.88 and its 200-day moving average price is C$7.88.

Insider Buying and Selling at Equinox Gold

In other Equinox Gold news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of C$5.88, for a total transaction of C$58,347.24. Insiders sold a total of 14,426 shares of company stock worth $84,825 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.