Equinox Gold (CVE:EQX) Shares Down 0.9%

Equinox Gold Corp (CVE:EQX)’s stock price traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as C$7.75 and last traded at C$7.88. 53,583 shares were traded during trading, a decline of 65% from the average session volume of 153,529 shares. The stock had previously closed at C$7.95.

Analyst Ratings Changes

EQX has been the topic of several recent research reports. Scotiabank raised their price objective on Equinox Gold from C$7.75 to C$8.50 in a report on Monday, August 19th. Royal Bank of Canada lifted their price target on Equinox Gold from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Haywood Securities lowered their price objective on Equinox Gold from C$12.75 to C$11.50 in a research note on Friday, August 9th. Canaccord Genuity Group raised their price objective on shares of Equinox Gold from C$12.00 to C$12.75 in a report on Tuesday, July 23rd. Finally, CIBC boosted their target price on shares of Equinox Gold from C$8.75 to C$9.50 in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$9.90.

Equinox Gold Price Performance

The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The business’s 50-day simple moving average is C$7.88 and its two-hundred day simple moving average is C$7.88.

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.