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Equinox Gold (EQX) Receives a Hold from CIBC

Tipranks - Fri Jan 16, 9:20AM CST

CIBC analyst Anita Soni maintained a Hold rating on Equinox Gold today and set a price target of C$21.50.

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According to TipRanks, Soni is a 5-star analyst with an average return of 28.5% and a 62.70% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Equinox Gold, Barrick Mining, and Hudbay Minerals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Equinox Gold with a C$22.13 average price target.

Based on Equinox Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$809.93 million and a net profit of C$84.63 million. In comparison, last year the company earned a revenue of C$428.39 million and had a net profit of C$303 thousand

Based on the recent corporate insider activity of 102 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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