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

Equinox Gold Corp (CVE:EQX) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$9.83.

Several brokerages have recently weighed in on EQX. CIBC boosted their price target on shares of Equinox Gold from C$8.80 to C$9.50 in a research report on Monday, December 2nd. Royal Bank of Canada lowered their price target on Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Finally, Scotiabank raised their target price on Equinox Gold from C$8.50 to C$8.75 in a report on Thursday, November 21st.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at C$7.88 on Friday. The business’s 50 day moving average price is C$7.88 and its 200 day moving average price is C$7.88. The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. Equinox Gold has a one year low of C$4.25 and a one year high of C$8.90.

Insider Activity at Equinox Gold

In related news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$7.67, for a total transaction of C$53,690.00.

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.