RBC Capital analyst Wayne Lam maintained a Hold rating on Equinox Gold (EQX – Research Report) on May 13 and set a price target of C$8.00. The company’s shares closed yesterday at $5.24.
According to TipRanks, Lam is an analyst with an average return of -1.9% and a 53.04% success rate. Lam covers the Basic Materials sector, focusing on stocks such as Equinox Gold, Torex Gold Resources, and Lundin Gold.
Equinox Gold has an analyst consensus of Moderate Buy, with a price target consensus of $6.63, representing a 26.53% upside. In a report released on May 10, CIBC also reiterated a Hold rating on the stock with a C$8.75 price target.
EQX market cap is currently $1.72B and has a P/E ratio of -54.88.
Based on the recent corporate insider activity of 105 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Equinox Gold (EQX) Company Description:
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.
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