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

Equinox Gold Corp (CVE:EQX) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$9.20.

A number of analysts have recently commented on the stock. Scotiabank boosted their price objective on shares of Equinox Gold from C$6.75 to C$7.75 in a research report on Thursday, May 23rd. Cormark decreased their price objective on Equinox Gold from C$9.00 to C$8.50 in a report on Friday, May 10th. Royal Bank of Canada upped their target price on Equinox Gold from C$7.00 to C$8.00 in a report on Wednesday, May 1st. CIBC decreased their price target on Equinox Gold from C$9.25 to C$8.75 in a research note on Friday, May 10th. Finally, TD Securities dropped their price objective on Equinox Gold from C$10.00 to C$9.50 in a research note on Friday, May 10th.

Insiders Place Their Bets

In other news, Director Lenard Boggio sold 52,741 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of C$7.62, for a total transaction of C$401,886.42.

Equinox Gold Trading Down 0.9 %

CVE EQX opened at C$7.88 on Friday. The stock has a market capitalization of C$892.46 million and a price-to-earnings ratio of -43.54. Equinox Gold has a 52 week low of C$4.25 and a 52 week high of C$8.90. The stock’s 50 day moving average price is C$7.88 and its two-hundred day moving average price is C$7.88. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94.

Equinox Gold Company Profile

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.