Equinox Gold Corp. (TSE:EQX) Receives Consensus Recommendation of "Strong Buy" from Brokerages

Key Points

• Equinox Gold Corp. has received a consensus recommendation of "Strong Buy" from four brokerages following upgrades from multiple research firms.
• Director Blayne Barry Johnson sold 105,000 shares at an average price of C$14.91, reducing his ownership by 5.80% while still holding over 1.7 million shares.
• The company's stock opened at C$16.29 and has a significant market cap of C$12.74 billion with a price-to-earnings ratio of -125.31.

Equinox Gold Corp. (TSE:EQX - Get Free Report) has received a consensus recommendation of "Strong Buy" from the four brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.

A number of research firms have commented on EQX. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, September 10th. Cormark upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Finally, Cibc World Mkts upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday.

Insiders Place Their Bets

In related news, Director Blayne Barry Johnson sold 105,000 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the sale, the director owned 1,706,616 shares in the company, valued at approximately C$25,445,644.56. The trade was a 5.80% decrease in their ownership of the stock. Corporate insiders own 6.40% of the company's stock.

Equinox Gold Stock Performance

EQX opened at C$16.29 on Friday. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65. The company has a market cap of C$12.74 billion, a price-to-earnings ratio of -125.31 and a beta of 2.18. The company's 50 day moving average is C$12.91 and its 200 day moving average is C$10.27. Equinox Gold has a 12-month low of C$6.93 and a 12-month high of C$17.03.

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.

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