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

Shares of Equinox Gold Corp (CVE:EQX) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$9.76.

EQX has been the subject of a number of research reports. Scotiabank raised their price target on shares of Equinox Gold from C$8.50 to C$8.75 in a report on Thursday, November 21st. Royal Bank of Canada lowered their target price on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. Haywood Securities cut their price target on Equinox Gold from C$12.75 to C$11.50 in a research note on Friday, August 9th. Finally, CIBC lowered their price objective on Equinox Gold from C$9.50 to C$8.80 in a research report on Friday, October 4th.

Equinox Gold Trading Down 0.9 %

EQX opened at C$7.88 on Monday. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. The stock has a market capitalization of C$892.46 million and a PE ratio of -43.54. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The firm has a 50-day moving average price of C$7.88 and a two-hundred day moving average price of C$7.88.

Insider Transactions at Equinox Gold

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

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.