Equinox Gold Corp (CVE:EQX) Receives Consensus Rating of “Hold” from Brokerages

Equinox Gold Corp (CVE:EQX – Get Rating) has been given an average recommendation of “Hold” by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$7.29.

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of Equinox Gold from C$8.00 to C$7.00 in a research report on Thursday, October 20th. BMO Capital Markets lifted their price target on shares of Equinox Gold from C$6.00 to C$6.50 in a research report on Wednesday, December 7th. TD Securities dropped their price target on shares of Equinox Gold from C$8.00 to C$6.00 and set a “buy” rating for the company in a research report on Friday, November 4th. National Bankshares lifted their price target on shares of Equinox Gold from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a research report on Wednesday, December 7th. Finally, Royal Bank of Canada cut shares of Equinox Gold from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from C$8.00 to C$5.50 in a research report on Tuesday, October 25th.

Equinox Gold Price Performance

Shares of 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 stock has a market cap of C$892.46 million and a PE ratio of -43.54. 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.

Insider Activity at Equinox Gold

In other Equinox Gold news, Director Lenard Boggio acquired 7,500 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was purchased at an average price of C$4.08 per share, for a total transaction of C$30,600.00. Following the completion of the acquisition, the director now owns 43,135 shares of the company’s stock, valued at approximately C$175,990.80.

Equinox Gold Company Profile

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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.