Christian Milau, director of Equinox Gold Corp (CVE:EQX), sells 5,148 shares
Equinox Gold Corp (CVE: EQX – Get a rating) Director Christian Milau sold 5,148 shares in a transaction dated Monday, May 16. The stock was sold at an average price of CA$6.85, for a total transaction of CA$35,263.80. Following the sale, the administrator now owns 244,305 shares of the company, valued at approximately C$1,673,489.25.
CVE: EQX traded lower C$0.07 by midday on Monday, hitting C$7.88. The stock had a trading volume of 53,583 shares, compared to an average volume of 153,529. The company has a debt ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. . The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. Equinox Gold Corp has a 12-month low of C$4.25 and a 12-month high of C$8.90. The company has a 50-day simple moving average of CA$7.88 and a 200-day simple moving average of CA$7.88.
Several equity research analysts have recently weighed in on the stock. CIBC raised its price target on Equinox Gold shares from C$10.00 to C$10.75 and gave the stock a “neutral” rating in a Friday, March 11 research note. TD Securities lowered its target price on Equinox Gold shares from C$15.50 to C$12.50 and set a “buy” rating for the company in a Thursday, May 5 research note. Cormark lowered its target price on Equinox Gold shares from C$12.00 to C$10.00 in a Thursday, May 5 research note. Canaccord Genuity Group raised its target price on Equinox Gold shares from C$10.00 to C$15.00 in a Friday, April 22 research note. Finally, BMO Capital Markets raised its target price on Equinox Gold shares from C$13.50 to C$14.50 in a Thursday, May 5 research note. Four equity research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$11.83.
About Equinox Gold (Get a rating)
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 located in California, United States.
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