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

Shares of Equinox Gold Corp (CVE:EQX) have received a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three 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 analysts that have issued ratings on the stock in the last year is C$9.83.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Equinox Gold from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group raised their price target on shares of Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Haywood Securities decreased their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a research report on Friday, August 9th. CIBC dropped their target price on Equinox Gold from C$9.50 to C$8.80 in a research report on Friday, October 4th. Finally, Scotiabank upped their price target on Equinox Gold from C$7.75 to C$8.50 in a report on Monday, August 19th.

Equinox Gold Stock Down 0.9 %

Equinox Gold stock opened at C$7.88 on Friday. The business’s 50-day moving average price is C$7.88 and its 200 day moving average price is C$7.88. 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 market cap 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.

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.