Equinox Gold Corp (CVE:EQX) Receives C$9.76 Consensus Price Target from Analysts

Equinox Gold Corp (CVE:EQX) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$9.76.

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

Equinox Gold Stock Performance

CVE:EQX opened at C$7.88 on Monday. 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 Equinox Gold 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.

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.