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

Shares of Equinox Gold Corp (CVE:EQX) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$9.20.

A number of equities research analysts have commented on EQX shares. TD Securities reduced their price objective on Equinox Gold from C$10.00 to C$9.50 in a research note on Friday, May 10th. Cormark decreased their price target on shares of Equinox Gold from C$9.00 to C$8.50 in a research note on Friday, May 10th. Royal Bank of Canada raised their price objective on shares of Equinox Gold from C$7.00 to C$8.00 in a research note on Wednesday, May 1st. CIBC decreased their target price on shares of Equinox Gold from C$9.25 to C$8.75 in a research report on Friday, May 10th. Finally, Canaccord Genuity Group raised their price target on shares of Equinox Gold from C$11.75 to C$12.00 and gave the company a “buy” rating in a research report on Monday, April 29th.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at C$7.88 on Friday. The business has a 50-day simple moving average of C$7.88 and a 200 day simple moving average of C$7.88. Equinox Gold has a one year low of C$4.25 and a one year high of C$8.90. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The firm has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54.

Insider Activity at Equinox Gold

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

About Equinox Gold

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.