Equinox Gold (CVE:EQX) Trading Down 0.9%

Equinox Gold Corp (CVE:EQX) shares fell 0.9% during trading on Wednesday . The stock traded as low as C$7.75 and last traded at C$7.88. 53,583 shares were traded during trading, a decline of 65% from the average session volume of 153,529 shares. The stock had previously closed at C$7.95.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. CIBC raised their target price on shares of Equinox Gold from C$8.75 to C$9.50 in a research note on Wednesday, July 10th. Haywood Securities dropped their target price on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Scotiabank lifted their price target on Equinox Gold from C$7.75 to C$8.50 in a report on Monday, August 19th. Canaccord Genuity Group boosted their price target on Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada raised their price objective on Equinox Gold from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$9.90.

Equinox Gold Trading Down 0.9 %

The firm has a 50-day moving average of C$7.88 and a two-hundred day moving average of C$7.88. The firm has a market capitalization of C$892.46 million and a P/E 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.

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.