Equinox Gold Corp. (TSE:EQX) Receives Consensus Recommendation of "Strong Buy" from Brokerages

Equinox Gold Corp. (TSE:EQX - Get Free Report) has received a consensus recommendation of "Strong Buy" from the four brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.A number of research firms have commented on EQX. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, September 10th. Cormark upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Finally, Cibc World Mkts upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Thursday.View Our Latest Report on EQXInsiders Place Their BetsIn related news, Director Blayne Barry Johnson sold 105,000 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total value of C$1,565,550.00. Following the sale, the director owned 1,706,616 shares in the company, valued at approximately C$25,445,644.56. The trade was a 5.80% decrease in their ownership of the stock. Corporate insiders own 6.40% of the company's stock. Equinox Gold Stock PerformanceEQX opened at C$16.29 on Friday. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65. The company has a market cap of C$12.74 billion, a price-to-earnings ratio of -125.31 and a beta of 2.18. The company's 50 day moving average is C$12.91 and its 200 day moving average is C$10.27. Equinox Gold has a 12-month low of C$6.93 and a 12-month high of C$17.03. About Equinox Gold (Get Free Report)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.Read MoreFive stocks we like better than Equinox GoldDifferences Between Momentum Investing and Long Term Investing MarketBeat Week in Review – 10/06 - 10/10Best ESG Stocks: 11 Best Stocks for ESG Investing3 Heavily Shorted Stocks That Could Pop on Rate CutsWhat is a Microcap Stock? Everything You Need to Know Broadcom Gets Second $420 Target as CPO Win Boosts OutlookThis 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.Should You Invest $1,000 in Equinox Gold Right Now?Before you consider Equinox Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equinox Gold wasn't on the list.While Equinox Gold currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here