Scotiabank analyst Ovais Habib reiterated a Hold rating on Equinox Gold (EQX – Research Report) today and set a price target of C$7.00. The company’s shares closed yesterday at $4.40.
Habib covers the Basic Materials sector, focusing on stocks such as Pan American Silver, B2Gold, and Centerra Gold. According to TipRanks, Habib has an average return of -0.6% and a 38.81% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Equinox Gold with a $5.53 average price target, representing a 25.68% upside. In a report released on October 23, National Bank also maintained a Hold rating on the stock with a C$8.75 price target.
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EQX market cap is currently $1.4B and has a P/E ratio of 91.10.
Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQX in relation to earlier this year.
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Equinox Gold (EQX) Company Description:
Equinox Gold Corp. engages in the exploration of gold mining properties. It operates mesquite & Arizona gold mine, castle mountain, gold and copper projects. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.
Read More on EQX:
- Equinox Gold options imply 4.6% move in share price post-earnings
- Is EQX a Buy, Before Earnings?
- Equinox Gold price target raised to C$8.75 from C$8.50 at National Bank
- Equinox Gold upgraded to Sector Perform from Underperform at RBC Capital
- Equinox Gold price target lowered to C$8.50 from C$8.75 at National Bank
