Insider Buying: Equinox Gold (TSE:EQX) Insider Buys 9,100 Shares of Stock

Key Points

• Equinox Gold insider David Chester Schummer purchased 9,100 shares at C$15.20 each, increasing his total holdings to 168,222 shares, valued at approximately C$2.56 million.
• Analyst ratings for Equinox Gold have improved, with the Royal Bank of Canada upgrading it to a "moderate buy," and TD Securities and Cibc World Mkts designating it as a "strong-buy."
• Equinox Gold's stock price rose by 1.4% to C$16.29, while the company has a market capitalization of C$12.74 billion and a strong analyst consensus rating of "Strong Buy."

Equinox Gold Corp. (TSE:EQX - Get Free Report) insider David Chester Schummer acquired 9,100 shares of the business's stock in a transaction on Thursday, September 11th. The shares were purchased at an average cost of C$15.20 per share, for a total transaction of C$138,320.00. Following the completion of the transaction, the insider owned 168,222 shares in the company, valued at approximately C$2,556,974.40. This represents a 5.72% increase in their position.

Equinox Gold Stock Up 1.4%

Shares of EQX traded up C$0.22 during mid-day trading on Friday, reaching C$16.29. The company had a trading volume of 3,202,829 shares, compared to its average volume of 2,001,305. The company has a market capitalization of C$12.74 billion, a price-to-earnings ratio of -125.31 and a beta of 2.18. Equinox Gold Corp. has a 52 week low of C$6.93 and a 52 week high of C$17.03. 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 50-day moving average price of C$12.91 and a 200 day moving average price of C$10.27.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EQX. Royal Bank Of Canada upgraded Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th. TD Securities raised shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 16th. Cibc World Mkts raised shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a report on Thursday. Finally, Cormark raised shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat.com, Equinox Gold 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.