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

Equinox Gold Corp (CVE:EQX) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$9.73.

A number of analysts recently issued reports on the stock. Scotiabank increased their target price on shares of Equinox Gold from C$7.75 to C$8.50 in a research report on Monday, August 19th. Canaccord Genuity Group increased their target price on shares of Equinox Gold from C$12.00 to C$12.75 in a research report on Tuesday, July 23rd. Royal Bank of Canada lowered their price objective on shares of Equinox Gold from C$11.00 to C$10.00 in a research report on Monday, October 21st. Haywood Securities lowered their price objective on shares of Equinox Gold from C$12.75 to C$11.50 in a research report on Friday, August 9th. Finally, CIBC lowered their price objective on shares of Equinox Gold from C$9.50 to C$8.80 in a research report on Friday, October 4th.

Equinox Gold Stock Down 0.9 %

EQX opened at C$7.88 on Thursday. The firm has a 50 day moving average price of C$7.88 and a 200 day moving average price of C$7.88. The company has a market cap of C$892.46 million and a PE ratio of -43.54. Equinox Gold has a 1 year low of C$4.25 and a 1 year high of C$8.90. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94.

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.