Equinox Gold (CVE:EQX) had its target price cut by stock analysts at TD Securities from C$8.50 to C$8.00 in a research note issued to investors on Friday, according to BayStreet.CA. The brokerage currently has a “buy” rating on the stock, with a price objective indicating a potential upside of 1.52% from the company’s previous close.
Other research analysts have also recently commented on EQX, with Desjardins raising the company from a “hold” rating to a “buy” rating and CIBC giving it a “neutral” rating. Scotiabank and BMO Capital Markets also adjusted their target prices for Equinox Gold.
Overall, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$7.73, according to MarketBeat.
Equinox Gold Corp. is involved in the acquisition, exploration, and development of mineral deposits, with key properties in Brazil and the United States. The company’s stock performance and insider trading activities indicate ongoing interest and activity within the company.
Insider buying and selling at Equinox Gold have been notable, with Director Maryse Belanger and Senior Officer Peter Jeremie Hardie among those selling shares recently. Insider activity can provide insights into the company’s future performance and potential.
In conclusion, Equinox Gold continues to attract attention from analysts and investors alike, with potential for growth in the coming months. Keep an eye on the company’s stock performance and insider activity for further insights into its trajectory.
