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

Shares of Equinox Gold Corp (CVE:EQX) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$13.06.

Several research analysts have recently weighed in on EQX shares. National Bankshares boosted their price objective on shares of Equinox Gold from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, August 15th. TD Securities boosted their target price on shares of Equinox Gold from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Royal Bank Of Canada upgraded shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$11.00 to C$17.00 in a research report on Wednesday, September 10th. BMO Capital Markets set a C$11.00 target price on shares of Equinox Gold and gave the company an “outperform” rating in a research report on Wednesday, June 18th. Finally, Canaccord Genuity Group boosted their target price on shares of Equinox Gold from C$12.50 to C$20.50 in a research report on Thursday.

Equinox Gold Stock Down 0.9%

EQX opened at C$7.88 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.94 and a debt-to-equity ratio of 64.28. The firm has a 50 day moving average price of C$7.88 and a 200-day moving average price of C$7.88. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The stock has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54.

Insider Transactions at Equinox Gold

In other Equinox Gold news, Senior Officer David Chester Schummer bought 16,000 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was bought at an average cost of C$8.56 per share, for a total transaction of C$137,000.00.

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.