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

Shares of Equinox Gold Corp (CVE:EQX) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$7.98.

EQX has been the subject of a number of research reports. BMO Capital Markets lowered their target price on Equinox Gold from C$8.00 to C$7.50 in a research report on Friday, February 23rd. TD Securities dropped their price objective on shares of Equinox Gold from C$8.50 to C$8.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Haywood Securities reduced their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating and increased their price target for the company from C$7.25 to C$7.75 in a report on Tuesday, January 30th. Finally, Scotiabank reduced their price objective on Equinox Gold from C$7.75 to C$7.00 in a research note on Friday, February 23rd.

Insider Buying and Selling

In other Equinox Gold news, Senior Officer Kelly Grant Boychuk sold 9,923 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$5.88, for a total value of C$58,347.24. In the last ninety days, insiders sold 14,426 shares of company stock valued at $84,825.

Equinox Gold Price Performance

CVE:EQX opened at C$7.88 on Friday. The company has a market capitalization of C$892.46 million and a P/E ratio of -43.54. The business’s 50-day moving average is C$7.88 and its 200 day moving average is C$7.88. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90.

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.