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

Shares of Equinox Gold Corp (CVE:EQX) have earned an average rating 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 given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$9.76.

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

Equinox Gold Stock Down 0.9 %

EQX stock opened at C$7.88 on Monday. The business’s 50-day moving average price is C$7.88 and its 200-day moving average price is C$7.88. The stock has a market cap of C$892.46 million and a P/E ratio of -43.54. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90.

Insiders Place Their Bets

In other news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$7.67, for a total transaction 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.