Brokerages Set Equinox Gold Corp (CVE:EQX) Price Target at C$10.03

Equinox Gold Corp (CVE:EQX) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$10.05.

Several analysts have recently issued reports on the company. Scotiabank increased their target price on Equinox Gold from C$8.75 to C$9.00 in a report on Wednesday. CIBC increased their target price on Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd. Royal Bank of Canada dropped their price objective on Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Finally, Cormark upped their price objective on Equinox Gold from C$9.00 to C$10.50 in a research report on Friday, January 10th.

Insider Buying and Selling at Equinox Gold

In other Equinox Gold news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the 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. Also, Senior Officer Sebastian D’amici sold 12,000 shares of the firm’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total value of C$105,000.00.

Equinox Gold Stock Performance

EQX opened at C$7.88 on Tuesday. The firm has a market cap of C$892.46 million and a P/E ratio of -43.54. Equinox Gold has a 52-week low of C$4.25 and a 52-week high of C$8.90. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The business’s fifty day moving average is C$7.88 and its 200-day moving average is C$7.88.

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.