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

Shares of Equinox Gold Corp (CVE:EQX) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$9.83.

Several equities analysts recently weighed in on the company. Scotiabank lifted their target price on Equinox Gold from C$8.50 to C$8.75 in a research report on Thursday, November 21st. Royal Bank of Canada cut their price objective on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. Finally, CIBC raised their target price on shares of Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd.

Equinox Gold Stock Down 0.9 %

Shares of EQX stock opened at C$7.88 on Friday. The company has a 50 day simple moving average of C$7.88 and a two-hundred day simple moving average of C$7.88. The stock has a market cap of C$892.46 million and a P/E ratio of -43.54. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28.

Insider Activity

In related news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$7.67, for a total value of C$53,690.00.

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.