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Equinox Gold (EQX) Received its Third Buy in a Row

After National Bank and Scotiabank gave Equinox Gold (NYSE MKT: EQX) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Ryan Thompson maintained a Buy rating on Equinox Gold today and set a price target of $14.50. The company’s shares closed last Thursday at $6.98.

According to TipRanks.com, Thompson is a 4-star analyst with an average return of 11.1% and a 41.3% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Torex Gold Resources, and Hecla Mining Company.

Currently, the analyst consensus on Equinox Gold is a Moderate Buy with an average price target of $10.34, representing a 48.1% upside. In a report issued on January 7, National Bank also maintained a Buy rating on the stock with a C$12.50 price target.

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Equinox Gold’s market cap is currently $2.1B and has a P/E ratio of 4.46.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.

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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.

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