Equinox Gold (TSE:EQX) Director Sells C$1,565,550.00 in 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 on Wednesday, September 10th. The stock was sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the transaction, the director directly owned 1,706,616 shares of the company's stock, valued at C$25,445,644.56. The trade was a 5.80% decrease in their position.

Equinox Gold Trading Up 1.7%

Equinox Gold stock traded up C$0.25 during midday trading on Thursday, reaching C$15.16. The stock had a trading volume of 2,366,309 shares, compared to its average volume of 1,904,698. Equinox Gold Corp. has a twelve month low of C$6.93 and a twelve month high of C$15.24. The stock has a market capitalization of C$11.85 billion, a PE ratio of -116.62 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. The stock's 50-day simple moving average is C$9.94 and its 200 day simple moving average is C$9.41.

Analysts Set New Price Targets

Several research firms have recently commented on EQX. Royal Bank Of Canada raised Equinox Gold from a "hold" rating to a "moderate buy" rating in a report on Wednesday. TD Securities raised Equinox Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 16th. Finally, Cormark raised Equinox Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Strong Buy".

Equinox Gold Company Profile

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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