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

Shares of Equinox Gold Corp (CVE:EQX) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat.com 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 12 month price target among brokerages that have issued a report on the stock in the last year is C$9.83.

A number of research analysts have commented on the company. Scotiabank upped their price target on 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 target on Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Finally, CIBC lifted their target price on Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd.

Insider Buying and Selling

In other 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 Price Performance

Shares of 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 one year low of C$4.25 and a one year high of C$8.90. The business’s 50 day simple moving average is C$7.88 and its two-hundred day simple moving average is C$7.88. The stock has a market capitalization of C$892.46 million and a P/E ratio of -43.54.

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.