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

Shares of Equinox Gold Corp (CVE:EQX) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$9.83.

EQX has been the subject of several research reports. Scotiabank increased their target price on Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th. 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. CIBC reduced their price objective on Equinox Gold from C$9.50 to C$8.80 in a research report on Friday. Canaccord Genuity Group raised their price objective on Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Finally, Haywood Securities reduced their price objective on Equinox Gold from C$12.75 to C$11.50 in a research report on Friday, August 9th.

Equinox Gold Stock Down 0.9 %

Shares of CVE:EQX opened at C$7.88 on Friday. Equinox Gold has a 52-week low of C$4.25 and a 52-week high of C$8.90. The firm has a market capitalization of C$892.46 million and a P/E ratio of -43.54. 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 quick ratio of 1.11 and a current ratio of 1.94.

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.