Equinox Gold Corp (CVE:EQX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Equinox Gold Corp (CVE:EQX) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com 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 issued a report on the stock in the last year is C$9.83.

EQX has been the subject of a number of analyst reports. Royal Bank of Canada cut their target price on Equinox Gold from C$11.00 to C$10.00 in a research note on Monday, October 21st. CIBC raised their price target on Equinox Gold from C$8.80 to C$9.50 in a research report on Monday, December 2nd. Finally, Scotiabank lifted their price objective on Equinox Gold from C$8.50 to C$8.75 in a research report on Thursday, November 21st.

Equinox Gold Stock Performance

CVE:EQX opened at C$7.88 on Friday. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. The company has a debt-to-equity ratio of 64.28, a current ratio of 1.94 and a quick ratio of 1.11. The firm’s fifty day moving average price is C$7.88 and its 200 day moving average price is C$7.88. The firm has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54.

Insider Activity

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

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.