Equinox Gold Corp (CVE:EQX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Equinox Gold Corp (CVE:EQX) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$9.20.

EQX has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price target on Equinox Gold from C$11.75 to C$12.00 and gave the company a “buy” rating in a research note on Monday, April 29th. TD Securities decreased their price target on Equinox Gold from C$10.00 to C$9.50 in a research note on Friday, May 10th. BMO Capital Markets lifted their price target on Equinox Gold from C$8.00 to C$10.00 in a research note on Monday, April 29th. National Bankshares reduced their price objective on Equinox Gold from C$10.25 to C$10.00 in a report on Friday, May 10th. Finally, Royal Bank of Canada lifted their price objective on Equinox Gold from C$7.00 to C$8.00 in a report on Wednesday, May 1st.

Insider Transactions at Equinox Gold

In other news, Director Lenard Boggio sold 52,741 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$7.62, for a total value of C$401,886.42.

Equinox Gold Stock Down 0.9 %

Equinox Gold stock opened at C$7.88 on Friday. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. The company has a market cap of C$892.46 million and a PE ratio of -43.54. The stock’s 50 day moving average price is C$7.88 and its 200 day moving average price is C$7.88.

Equinox Gold Company Profile

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 situated in California, the United States.