Equinox Gold (CVE:EQX) Shares Down 0.9% – What’s Next?

Equinox Gold Corp (CVE:EQX)’s share price was down 0.9% on Tuesday . The company traded as low as C$7.75 and last traded at C$7.88. Approximately 53,583 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 153,529 shares. The stock had previously closed at C$7.95.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. CIBC lifted their price target on Equinox Gold from C$9.50 to C$10.00 and gave the company a “neutral” rating in a research report on Monday, April 7th. National Bankshares lifted their target price on Equinox Gold from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada lifted their target price on Equinox Gold from C$11.00 to C$12.00 in a report on Wednesday, June 4th.

Equinox Gold Price Performance

The business’s 50-day moving average price is C$7.88 and its 200 day moving average price is C$7.88. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The stock has a market capitalization of C$892.46 million and a PE ratio of -43.54.

Insider Transactions at Equinox Gold

In other Equinox Gold news, Director Maryse Belanger sold 17,148 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of C$8.34, for a total value of C$143,014.32.

Equinox Gold Company Profile

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.