Equinox Gold Corp (CVE:EQX) Receives C$11.36 Consensus Price Target from Analysts

Shares of Equinox Gold Corp (CVE:EQX) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$11.36.

A number of brokerages recently commented on EQX. CIBC lifted their price target on Equinox Gold from C$9.50 to C$10.00 and gave the stock a “neutral” rating in a report on Monday, April 7th. Scotiabank dropped their price target on Equinox Gold from C$9.00 to C$8.50 and set a “sector perform” rating on the stock in a report on Wednesday, June 18th. BMO Capital Markets set a C$11.00 target price on Equinox Gold and gave the stock an “outperform” rating in a research report on Wednesday, June 18th. TD Securities raised Equinox Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from C$11.00 to C$12.00 in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their target price on Equinox Gold from C$11.00 to C$12.00 in a research report on Wednesday, June 4th.

Insiders Place Their Bets

In other news, Director Michael Vint purchased 9,950 shares of the company’s stock in a transaction on Friday, June 20th. The stock was purchased at an average price of C$8.63 per share, with a total value of C$85,818.75. Also, Director Maryse Belanger sold 17,148 shares of Equinox Gold stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$8.34, for a total value of C$143,014.32. Insiders bought a total of 27,250 shares of company stock valued at $234,246 over the last 90 days.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at C$7.88 on Wednesday. The business’s fifty day simple moving average is C$7.88 and its 200 day simple moving average is C$7.88. The firm has a market capitalization of C$892.46 million and a P/E ratio of -43.54. Equinox Gold has a 12 month low of C$4.25 and a 12 month 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.

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.