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

Equinox Gold Corp (CVE:EQX) has received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$9.83.

EQX has been the topic of a number of research reports. Royal Bank of Canada reduced their target price on shares of Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Scotiabank upped their price target on Equinox Gold from C$8.50 to C$8.75 in a research report on Thursday, November 21st. Finally, CIBC boosted their price target on Equinox Gold from C$8.80 to C$9.50 in a research note on Monday, December 2nd.

Equinox Gold Stock Down 0.9 %

Shares of CVE:EQX opened at C$7.88 on Friday. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. 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 business has a 50 day simple moving average of C$7.88 and a two-hundred day simple moving average of C$7.88.

Insider Activity

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.