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

Equinox Gold Corp (CVE:EQX) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$9.73.

A number of research analysts have recently weighed in on the company. Haywood Securities dropped their target price on Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. CIBC lowered their target price on Equinox Gold from C$9.50 to C$8.80 in a research note on Friday, October 4th. Royal Bank of Canada reduced their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. Canaccord Genuity Group upped their price target on Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Finally, Scotiabank boosted their price target on shares of Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th.

Equinox Gold Price Performance

Shares of CVE:EQX opened at C$7.88 on Thursday. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The firm has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54. The stock’s 50 day moving average is C$7.88 and its 200-day moving average is C$7.88. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28.

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.