Analysts Set Equinox Gold Corp (CVE:EQX) Target Price at C$7.72

Shares of Equinox Gold Corp (CVE:EQXGet Free Report) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$7.87.

A number of analysts have weighed in on the company. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from C$7.25 to C$7.75 in a report on Tuesday. BMO Capital Markets set a C$8.00 price target on Equinox Gold and gave the stock an “outperform” rating in a report on Thursday, January 18th.

Read Our Latest Analysis on EQX

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at C$7.88 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.11 and a debt-to-equity ratio of 64.28. The business has a 50-day moving average price of C$7.88 and a two-hundred day moving average price of C$7.88. Equinox Gold has a 1-year low of C$4.25 and a 1-year high of C$8.90. The company has a market cap of C$892.46 million and a P/E ratio of -43.54.

Insider Activity

In other news, Director Gordon Campbell sold 10,670 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of C$6.27, for a total value of C$66,900.90. In other Equinox Gold news, Director Gordon Campbell sold 10,670 shares of Equinox Gold stock in a transaction dated Friday, November 10th. The stock was sold at an average price of C$6.27, for a total transaction of C$66,900.90. Also, Senior Officer Peter Jeremie Hardie sold 12,265 shares of Equinox Gold stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of C$7.21, for a total value of C$88,430.65. Insiders sold a total of 72,767 shares of company stock worth $470,222 in the last three months.

About Equinox Gold

(Get Free Report

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.

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Analyst Recommendations for Equinox Gold (CVE:EQX)

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