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

Equinox Gold Corp (CVE:EQX) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$13.06.

A number of research firms have recently commented on EQX. Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$11.00 to C$17.00 in a research report on Wednesday, September 10th. Canaccord Genuity Group upped their target price on shares of Equinox Gold from C$12.50 to C$20.50 in a report on Thursday. Scotiabank lowered their price target on Equinox Gold from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a research note on Wednesday, June 18th. TD Securities increased their price objective on Equinox Gold from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, National Bankshares lifted their target price on Equinox Gold from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, August 15th.

Equinox Gold Trading Down 0.9%

Shares of CVE:EQX opened at C$7.88 on Monday. The company has a market cap of C$892.46 million and a PE ratio of -43.54. The company’s 50 day moving average is C$7.88 and its two-hundred day moving average is 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 52 week low of C$4.25 and a 52 week high of C$8.90.

Insider Transactions at Equinox Gold

In other news, Senior Officer David Chester Schummer acquired 16,000 shares of Equinox Gold stock in a transaction dated Friday, July 11th. The shares were purchased at an average cost of C$8.56 per share, for a total transaction of C$137,000.00.

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.