Brokerages Set Equinox Gold Corp (CVE:EQX) PT at C$9.76

Equinox Gold Corp (CVE:EQX) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$9.76.

Several analysts have weighed in on EQX shares. Royal Bank of Canada dropped their target price on shares of Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Haywood Securities dropped their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. Scotiabank upped their price objective on shares of Equinox Gold from C$8.50 to C$8.75 in a report on Thursday, November 21st. Finally, CIBC reduced their price objective on shares of Equinox Gold from C$9.50 to C$8.80 in a research report on Friday, October 4th.

Equinox Gold Stock Down 0.9 %

CVE:EQX opened at C$7.88 on Monday. The company has a market cap of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The company’s 50 day moving average is C$7.88 and its two-hundred day moving average is C$7.88.

Insiders Place Their Bets

In other news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$7.67, for a total transaction of C$53,690.00.

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.