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

Shares of Equinox Gold Corp (CVE:EQX) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$9.20.

A number of analysts have recently issued reports on the stock. Cormark cut their target price on shares of Equinox Gold from C$9.00 to C$8.50 in a research note on Friday, May 10th. Royal Bank of Canada lifted their price target on shares of Equinox Gold from C$7.00 to C$8.00 in a report on Wednesday, May 1st. Scotiabank lifted their price target on shares of Equinox Gold from C$6.75 to C$7.75 in a report on Thursday, May 23rd. Canaccord Genuity Group boosted their target price on shares of Equinox Gold from C$11.75 to C$12.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, National Bankshares reduced their price objective on shares of Equinox Gold from C$10.25 to C$10.00 in a research note on Friday, May 10th.

Equinox Gold Stock Performance

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

Insider Transactions at Equinox Gold

In related news, Director Lenard Boggio sold 52,741 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of C$7.62, for a total transaction of C$401,886.42.

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.