Sebastian D’amici Sells 12,000 Shares of Equinox Gold Corp (CVE:EQX) Stock

Equinox Gold Corp (CVE:EQX) Senior Officer Sebastian D’amici sold 12,000 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$8.75, for a total value of C$105,000.00.

Equinox Gold Stock Performance

Shares of CVE EQX traded down C$0.07 during midday trading on Friday, reaching C$7.88. 53,583 shares of the company traded hands, compared to its average volume of 153,529. Equinox Gold Corp has a 52 week low of C$4.25 and a 52 week high of C$8.90. The stock has a 50-day moving average price of C$7.88 and a 200 day moving average price of C$7.88. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Wall Street Analysts Forecast Growth

EQX has been the subject of several research analyst reports. Cormark increased their target price on Equinox Gold from C$9.00 to C$10.50 in a research note on Friday. Scotiabank lifted their price objective on shares of Equinox Gold from C$8.50 to C$8.75 in a report on Thursday, November 21st. CIBC lifted their price objective on shares of Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd. Finally, Royal Bank of Canada decreased their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Equinox Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$10.03.

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.