TD Securities Increases Equinox Gold (TSE:EQX) Price Target to C$22.00

Equinox Gold (TSE:EQX) had its price target hoisted by TD Securities from C$20.00 to C$22.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 13.34% from the stock’s previous close.

EQX has been the subject of several other reports. National Bankshares lifted their price objective on Equinox Gold from C$19.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. Stifel Nicolaus set a C$24.00 price objective on shares of Equinox Gold and gave the company a “buy” rating in a report on Tuesday. CIBC upped their target price on Equinox Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$22.40.

Equinox Gold Trading Down 1.1%

EQX traded down C$0.22 on Tuesday, reaching C$19.41. 959,522 shares of the company traded hands, compared to its average volume of 2,092,484. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65. The company has a market cap of C$15.23 billion, a P/E ratio of 194.10 and a beta of 2.41. The firm has a fifty day simple moving average of C$16.48 and a two-hundred day simple moving average of C$12.24. Equinox Gold has a one year low of C$7.13 and a one year high of C$19.97.

Equinox Gold (TSE:EQX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share (EPS) for the quarter. The firm had revenue of C$1.14 billion during the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%. As a group, equities research analysts expect that Equinox Gold will post 1.3865979 earnings per share for the current year.

Insider Buying and Selling at Equinox Gold

In other Equinox Gold news, insider David Chester Schummer purchased 9,100 shares of Equinox Gold stock in a transaction dated Thursday, September 11th. The shares were acquired at an average cost of C$15.20 per share, with a total value of C$138,320.00. Following the completion of the transaction, the insider owned 168,222 shares in the company, valued at approximately C$2,556,974.40. This trade represents a 5.72% increase in their position. Also, Director Blayne Barry Johnson sold 105,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the sale, the director owned 1,706,616 shares of the company’s stock, valued at approximately C$25,445,644.56. This represents a 5.80% decrease in their position. 6.40% of the stock is currently owned by insiders.

About Equinox Gold

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.