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

Shares of Equinox Gold Corp (CVE:EQX) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, 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 1-year price target among brokers that have covered the stock in the last year is C$10.03.

EQX has been the topic of several research reports. Cormark upped their price target on Equinox Gold from C$9.00 to C$10.50 in a research note on Friday. Royal Bank of Canada cut their price target on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. CIBC upped their price target on Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd. Finally, Scotiabank increased their target price on Equinox Gold from C$8.50 to C$8.75 in a research note on Thursday, November 21st.

Equinox Gold Trading Down 0.9 %

Shares of EQX opened at C$7.88 on Tuesday. 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 12-month low of C$4.25 and a 12-month high of C$8.90. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54. The stock’s fifty day simple moving average is C$7.88 and its 200-day simple moving average is C$7.88.

Insiders Place Their Bets

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 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.

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.