Equinox Gold Corp (CVE:EQX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Equinox Gold Corp (CVE:EQX) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$8.25.

Several research firms recently weighed in on EQX. BMO Capital Markets decreased their target price on shares of Equinox Gold from C$8.00 to C$7.50 in a research note on Friday, February 23rd. CIBC raised their target price on shares of Equinox Gold from C$6.80 to C$9.25 in a research note on Monday. TD Securities decreased their target price on shares of Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating and raised their target price for the company from C$7.25 to C$7.75 in a research note on Tuesday, January 30th. Finally, Haywood Securities cut their price target on Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th.

Insider Transactions at Equinox Gold

In other news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of Equinox Gold stock in a transaction on Thursday, January 25th. The stock was sold at an average price of C$5.88, for a total transaction of C$58,347.24. Over the last 90 days, insiders sold 14,426 shares of company stock valued at $84,825.

Equinox Gold Price 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 current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The firm has a fifty day simple moving average of C$7.88 and a 200 day simple moving average of C$7.88. The stock has a market capitalization 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.