Equinox Gold Cp (NASDAQ:EQX) Given New $19.50 Price Target at CIBC

Equinox Gold Cp (NASDAQ:EQX) had its price target hoisted by investment analysts at CIBC from $18.00 to $19.50 in a research report issued on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 51.63% from the stock’s current price.

Several other brokerages have also recently weighed in on EQX. Canaccord Genuity initiated coverage on Equinox Gold Cp in a report on Friday, May 29th. They set a “buy” rating and a $19.00 target price for the company. BMO Capital Markets increased their target price on Equinox Gold Cp from $23.50 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Zacks Investment Research cut Equinox Gold Cp from a “buy” rating to a “hold” rating in a report on Thursday, August 13th. TD Securities increased their price objective on Equinox Gold Cp from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Finally, Scotiabank increased their target price on Equinox Gold Cp from $14.50 to $17.00 and gave the stock an “outperform” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.94.

EQX stock traded up $0.16 during trading on Wednesday, hitting $12.86. 53,012 shares of the company traded hands, compared to its average volume of 1,489,955. Equinox Gold Cp has a 1 year low of $4.63 and a 1 year high of $13.66. The company has a 50-day moving average of $12.34 and a 200-day moving average of $9.75.

Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc acquired a new stake in Equinox Gold Cp in the 2nd quarter valued at approximately $1,112,000. Invesco Ltd. boosted its position in Equinox Gold Cp by 1,360.5% in the 1st quarter. Invesco Ltd. now owns 438,148 shares of the company’s stock valued at $2,905,000 after buying an additional 408,148 shares during the period. Stifel Financial Corp purchased a new position in Equinox Gold Cp in the 2nd quarter valued at approximately $5,325,000. Two Sigma Advisers LP boosted its position in Equinox Gold Cp by 218.9% in the 1st quarter. Two Sigma Advisers LP now owns 439,089 shares of the company’s stock valued at $2,911,000 after buying an additional 301,389 shares during the period. Finally, Virtu Financial LLC purchased a new position in Equinox Gold Cp in the 2nd quarter valued at approximately $268,000.

Equinox Gold Cp Company Profile

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona gold mine covering a total land package of approximately 2,000 square kilometers located in Maranhão State, Brazil; and the Mesquite gold mine covering a total area of 1,890 hectares and Castle Mountain property situated in California, the United States.

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The Fly

Analyst Recommendations for Equinox Gold Cp (NASDAQ:EQX)

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