Insider Selling: Equinox Gold (TSE:EQX) Director Sells 105,000 Shares of Stock

Key Points

• Equinox Gold Director Blayne Barry Johnson sold 105,000 shares of the firm at an average price of C$14.91, totaling C$1,565,550, which represents a 5.80% reduction in their stake.
• The stock is currently trading at C$15.16, with a market capitalization of C$11.85 billion and an average rating of "Strong Buy" from analysts.
• Recent upgrades from analysts include a shift from "hold" to "strong-buy" ratings by TD Securities and "moderate buy" upgrades from both Royal Bank of Canada and Cormark.

Equinox Gold Corp. (TSE:EQX - Get Free Report) Director Blayne Barry Johnson sold 105,000 shares of the firm'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 in the company, valued at C$25,445,644.56. This represents a 5.80% decrease in their ownership of the stock.

Equinox Gold Stock Performance

EQX stock traded down C$0.40 during trading on Tuesday, reaching C$14.53. The company had a trading volume of 2,707,370 shares, compared to its average volume of 1,926,829. The firm has a 50-day simple moving average of C$10.35 and a 200-day simple moving average of C$9.53. The company has a market cap of C$11.36 billion, a price-to-earnings ratio of -111.77 and a beta of 1.79. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. Equinox Gold Corp. has a twelve month low of C$6.93 and a twelve month high of C$15.32.

Analyst Ratings Changes

A number of equities analysts have issued reports on EQX shares. TD Securities raised shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada raised shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th. Finally, Cormark raised shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

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.