Equinox Gold Corp. (TSE:EQX) Receives Average Rating of “Buy” from Analysts

Equinox Gold Corp. (TSE:EQX) has received a consensus rating of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$22.00.

EQX has been the topic of several research analyst reports. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Friday, November 7th. CIBC raised their price objective on Equinox Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, BMO Capital Markets lifted their target price on shares of Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th.

Equinox Gold Price Performance

Shares of TSE EQX opened at C$19.56 on Friday. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The firm has a fifty day moving average of C$16.39 and a 200 day moving average of C$12.14. The firm has a market cap of C$15.35 billion, a PE ratio of 195.60 and a beta of 2.41. Equinox Gold has a one year low of C$7.13 and a one year high of C$19.62.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, November 5th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$1.14 billion for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. As a group, research analysts predict that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

Insider Transactions at Equinox Gold

In related news, Director Blayne Barry Johnson sold 105,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total transaction of C$1,565,550.00. Following the completion of the sale, the director owned 1,706,616 shares of the company’s stock, valued at approximately C$25,445,644.56. This represents a 5.80% decrease in their position. Also, insider David Chester Schummer acquired 9,100 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was acquired at an average price of C$15.20 per share, with a total value of C$138,320.00. Following the acquisition, the insider owned 168,222 shares in the company, valued at C$2,556,974.40. The trade was a 5.72% increase in their position. Insiders own 6.40% of the company’s stock.

About Equinox Gold

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.