Equinox Gold Corp (CVE:EQX) Receives C$9.27 Consensus Price Target from Analysts

Shares of Equinox Gold Corp (CVE:EQX) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$9.34.

A number of analysts have issued reports on EQX shares. Canaccord Genuity Group lifted their price target on Equinox Gold from C$12.00 to C$12.75 in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their target price on Equinox Gold from C$7.00 to C$8.00 in a research note on Wednesday, May 1st. CIBC increased their price target on shares of Equinox Gold from C$8.75 to C$9.50 in a research note on Wednesday, July 10th. TD Securities reduced their price objective on shares of Equinox Gold from C$10.00 to C$9.50 in a research report on Friday, May 10th. Finally, National Bankshares dropped their target price on shares of Equinox Gold from C$10.25 to C$10.00 in a research report on Friday, May 10th.

Insider Activity at Equinox Gold

In other news, Director Lenard Boggio sold 52,741 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of C$7.62, for a total transaction of C$401,886.42.

Equinox Gold Stock Performance

Shares of EQX stock opened at C$7.88 on Tuesday. The company has a market cap of C$892.46 million and a P/E ratio of -43.54. The firm has a fifty day moving average price of C$7.88 and a 200 day moving average price of C$7.88. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90.

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.