Brokerages Set Equinox Gold Corp (CVE:EQX) Target Price at C$9.76

Shares of Equinox Gold Corp (CVE:EQX) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$9.76.

A number of research firms recently weighed in on EQX. Haywood Securities lowered their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a research report on Friday, August 9th. Scotiabank lifted their price objective on shares of Equinox Gold from C$8.50 to C$8.75 in a research report on Thursday, November 21st. Royal Bank of Canada lowered their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Finally, CIBC lowered their price objective on shares of Equinox Gold from C$9.50 to C$8.80 in a research report on Friday, October 4th.

Equinox Gold Stock Performance

Shares of EQX opened at C$7.88 on Monday. The company’s 50 day simple moving average is C$7.88 and its 200-day simple moving average is C$7.88. 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. The firm has a market cap of C$892.46 million and a PE ratio of -43.54.

Insiders Place Their Bets

In other news, Senior Officer Gordana Vicentijevic sold 7,000 shares of Equinox Gold stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$7.67, for a total transaction of C$53,690.00.

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.