Equinox Gold Corp (CVE:EQX) Receives Consensus Rating of “Moderate Buy” from Analysts

Equinox Gold Corp (CVE:EQX) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$10.86.

Several research firms have recently commented on EQX. TD Securities upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating and boosted their price target for the company from C$11.00 to C$12.00 in a report on Wednesday, July 16th. BMO Capital Markets set a C$11.00 price objective on shares of Equinox Gold and gave the company an “outperform” rating in a report on Wednesday, June 18th. National Bankshares raised their price objective on shares of Equinox Gold from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Scotiabank decreased their price objective on shares of Equinox Gold from C$9.00 to C$8.50 and set a “sector perform” rating for the company in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada boosted their target price on shares of Equinox Gold from C$11.00 to C$12.00 in a research report on Wednesday, June 4th.

Insider Buying and Selling

In other news, Senior Officer David Chester Schummer bought 16,000 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were bought at an average price of C$8.56 per share, for a total transaction of C$137,000.00. Also, Director Michael Vint purchased 9,950 shares of Equinox Gold stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of C$8.63 per share, for a total transaction of C$85,818.75. In the last three months, insiders acquired 27,250 shares of company stock valued at $234,246.

Equinox Gold Trading Down 0.9%

CVE:EQX opened at C$7.88 on Thursday. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54. 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 business’s 50-day moving average is C$7.88 and its two-hundred day moving average is C$7.88.

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.