Equinox Gold Corp (CVE:EQX) Receives C$10.03 Consensus Price Target from Analysts

Equinox Gold Corp (CVE:EQX) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat 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 analysts that have updated their coverage on the stock in the last year is C$10.05.

Several equities research analysts have recently weighed in on EQX shares. Cormark upped their target price on Equinox Gold from C$9.00 to C$10.50 in a research report on Friday, January 10th. CIBC boosted their price target on Equinox Gold from C$8.80 to C$9.50 in a research report on Monday, December 2nd. Royal Bank of Canada lowered their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Finally, Scotiabank lifted their price target on shares of Equinox Gold from C$8.75 to C$9.00 in a research note on Wednesday.

Insider Transactions at Equinox Gold

In other news, Senior Officer Sebastian D’amici sold 12,000 shares of Equinox Gold stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total value of C$105,000.00. Also, Senior Officer Gordana Vicentijevic sold 7,000 shares of the company’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 value of C$53,690.00.

Equinox Gold Stock Down 0.9 %

Shares of Equinox Gold stock opened at C$7.88 on Tuesday. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The stock has a market cap of C$892.46 million and a price-to-earnings 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. The company has a fifty day moving average price of C$7.88 and a 200 day moving average price of C$7.88.

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.