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ATB Cormark Capital Markets Sticks to Its Buy Rating for Equinox Gold (EQX)

Tipranks - Tipranks - Wed Feb 25, 7:33AM CST

ATB Cormark Capital Markets analyst maintained a Buy rating on Equinox Gold today and set a price target of C$29.00.

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In addition to ATB Cormark Capital Markets, Equinox Gold also received a Buy from CIBC’s Anita Soni in a report issued yesterday. However, on February 21, TipRanks – xAI reiterated a Hold rating on Equinox Gold (NYSE MKT: EQX).

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Based on Equinox Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$691.87 million and a net profit of C$200.54 million. In comparison, last year the company earned a revenue of C$574.98 million and had a net profit of C$97.96 million

Based on the recent corporate insider activity of 84 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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