In a report released on September 12, Wayne Lam from RBC Capital maintained a Hold rating on Equinox Gold (EQX – Research Report), with a price target of C$8.00. The company’s shares closed yesterday at $3.51.
According to TipRanks, Lam is an analyst with an average return of -16.1% and a 29.03% success rate. Lam covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Equinox Gold, and OceanaGold.
Currently, the analyst consensus on Equinox Gold is a Moderate Buy with an average price target of $6.30.
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EQX market cap is currently $1.07B and has a P/E ratio of 173.40.
Based on the recent corporate insider activity of 151 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EQX in relation to earlier this year.
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Equinox Gold Corp. engages in the exploration of gold mining properties. It operates mesquite & Arizona gold mine, castle mountain, gold and copper projects. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.
Read More on EQX:
- RBC Capital Reaffirms Their Buy Rating on R1 RCM (RCM)
- RBC Capital Keeps Their Buy Rating on OptimizeRx (OPRX)
- RBC Capital Keeps Their Hold Rating on Yamana Gold (AUY)
- RBC Capital Sticks to Their Buy Rating for Osisko Gold Royalties (OR)
- RBC Capital Reaffirms Their Hold Rating on Anglogold Ashanti (AU)
