Equinox Gold (CVE:EQX) Trading Down 0.9% – Time to Sell?

Equinox Gold Corp (CVE:EQX) shares dropped 0.9% during trading on Thursday . The stock traded as low as C$7.75 and last traded at C$7.88. Approximately 53,583 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 153,529 shares. The stock had previously closed at C$7.95.

Analyst Ratings Changes

EQX has been the subject of several recent analyst reports. CIBC boosted their target price on Equinox Gold from C$8.80 to C$9.50 in a research report on Monday, December 2nd. Cormark boosted their target price on Equinox Gold from C$9.00 to C$10.50 in a research report on Friday, January 10th. Finally, Scotiabank boosted their target price on Equinox Gold from C$8.75 to C$9.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$10.31.

Equinox Gold Stock Down 0.9 %

The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. The company has a fifty day simple moving average of C$7.88 and a two-hundred day simple moving average of C$7.88. The firm has a market capitalization of C$892.46 million and a PE ratio of -43.54.

Insider Transactions at Equinox Gold

In other news, Senior Officer Kelly Grant Boychuk sold 10,966 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of C$8.41, for a total transaction of C$92,224.06. Also, Senior Officer Sebastian D’amici sold 12,000 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$8.75, for a total value of C$105,000.00. In the last 90 days, insiders have sold 56,353 shares of company stock valued at $474,429.

About Equinox Gold

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