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

Shares of Equinox Gold Corp (CVE:EQX) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$9.90.

Several research firms have recently weighed in on EQX. Canaccord Genuity Group boosted their price target on Equinox Gold from C$12.00 to C$12.75 in a research note on Tuesday, July 23rd. Royal Bank of Canada raised their price target on shares of Equinox Gold from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a report on Tuesday, September 10th. Haywood Securities decreased their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a report on Friday, August 9th. CIBC increased their target price on Equinox Gold from C$8.75 to C$9.50 in a report on Wednesday, July 10th. Finally, Scotiabank upped their price target on shares of Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th.

Equinox Gold Trading Down 0.9 %

CVE EQX opened at C$7.88 on Wednesday. The stock has a market cap of C$892.46 million and a P/E ratio of -43.54. The stock’s fifty day moving average price is C$7.88 and its 200-day moving average price is C$7.88. Equinox Gold has a 12 month low of C$4.25 and a 12 month high of C$8.90. The company has a current ratio of 1.94, a quick ratio of 1.11 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.