Equinox Gold (TSE:EQX) Director Sells C$1,565,550.00 in Stock

Equinox Gold Corp. (TSE:EQX) Director Blayne Barry Johnson sold 105,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$14.91, for a total transaction of C$1,565,550.00. Following the transaction, the director owned 1,706,616 shares in the company, valued at C$25,445,644.56. This represents a 5.80% decrease in their position.

Equinox Gold Stock Down 2.9%

Equinox Gold stock opened at C$14.71 on Friday. The company has a market capitalization of C$11.50 billion, a P/E ratio of -113.15 and a beta of 1.79. The firm’s fifty day simple moving average is C$10.22 and its 200-day simple moving average is C$9.49. The company has a current ratio of 0.85, a quick ratio of 1.31 and a debt-to-equity ratio of 45.65. Equinox Gold Corp. has a 1-year low of C$6.93 and a 1-year high of C$15.29.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. TD Securities upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.