Brokerages Set Equinox Gold Corp (CVE:EQX) PT at C$9.83

Shares of Equinox Gold Corp (CVE:EQX) have been assigned an average rating of “Moderate Buy” from the eight research firms 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 12-month price target among analysts that have issued a report on the stock in the last year is C$9.83.

A number of analysts have issued reports on EQX shares. Royal Bank of Canada cut their target price on Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Scotiabank boosted their price objective on Equinox Gold from C$8.50 to C$8.75 in a report on Thursday, November 21st. Finally, CIBC raised their target price on Equinox Gold from C$8.80 to C$9.50 in a report on Monday, December 2nd.

Insider Buying and Selling at Equinox Gold

In other news, Senior Officer Gordana Vicentijevic sold 7,000 shares of Equinox Gold stock in a transaction 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 Price Performance

Shares of EQX opened at C$7.88 on Friday. The firm has a 50-day simple moving average of C$7.88 and a two-hundred day simple moving average of C$7.88. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. The stock has a market cap of C$892.46 million and a PE ratio of -43.54.

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.