Shares of Equinox Gold (CVE:EQX) fell 0.9%

Equinox Gold Corp (CVE:EQX – Get Your Free Report ) stock price was down 0.9% during mid-day trading on Wednesday. The stock traded as high as $7.75 and last traded at $7.88. During trading, 53,583 shares were traded, down 65% from the session’s average volume of 153,529 shares. The stock had previously closed at $7.95.

Changes in Analyst Ratings

EQX has been the subject of several recent research reports. Scotiabank raised their price objective on Equinox Gold from $7.75 to $8.50 in a report on Monday, August 19th. Royal Bank of Canada raised their target price on Equinox Gold from $10.00 to $11.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 10th. Haywood Securities reduced their price objective on Equinox Gold from $12.75 to $11.50 in a research note on Friday, August 9th. Canaccord Genuity Group raised their price objective on shares of Equinox Gold from $12.00 to $12.75 in a report on Tuesday, July 23rd. Finally, CIBC upped their target price on shares of Equinox Gold from $8.75 to $9.50 in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Moderate Buy” and an average target price of $9.90, according to MarketBeat.com.

Read our latest report on Equinox Gold

Equinox Gold Price Performance

The firm has a market cap of $892.46 million and a price-to-earnings ratio of -43.54. 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 company’s 50-day simple moving average is $7.88, and its two-hundred-day simple moving average is $7.88.

About Equinox Gold

(Get a free report)

Equinox Gold Corp. engages in the acquisition, exploration and development of mineral deposits. The company’s main properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in the state of Maranhão, Brazil; and the Castle Mountain property located in California, United States.

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