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

Shares of Equinox Gold Corp (CVE:EQX) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$9.10.

Several equities analysts have commented on EQX shares. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating and raised their price objective for the company from C$7.25 to C$7.75 in a research report on Tuesday, January 30th. National Bankshares raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from C$10.50 to C$10.25 in a research note on Monday, April 29th. Royal Bank of Canada upped their price objective on shares of Equinox Gold from C$7.00 to C$8.00 in a report on Wednesday, May 1st. Haywood Securities lowered their target price on shares of Equinox Gold from C$11.50 to C$10.50 in a report on Monday, February 26th. Finally, BMO Capital Markets boosted their price target on Equinox Gold from C$8.00 to C$10.00 in a research report on Monday, April 29th.

Equinox Gold Trading Down 0.9 %

EQX opened at C$7.88 on Thursday. The stock has a market cap of C$892.46 million and a PE ratio of -43.54. The business has a 50 day moving average of C$7.88 and a 200-day moving average of C$7.88. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90. The company has a quick ratio of 1.11, a current ratio of 1.94 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.