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Equinox Gold (EQX) Receives a Buy from BMO Capital

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BMO Capital analyst Ryan Thompson maintained a Buy rating on Equinox Gold (EQXResearch Report) on October 28 and set a price target of $15.50. The company’s shares closed last Monday at $7.83.

According to TipRanks.com, Thompson is a 4-star analyst with an average return of 17.3% and a 58.0% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Fortuna Silver Mines, and Torex Gold Resources.

Equinox Gold has an analyst consensus of Moderate Buy, with a price target consensus of $10.85, representing a 38.4% upside. In a report issued on October 21, Canaccord Genuity also maintained a Buy rating on the stock with a C$12.00 price target.

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The company has a one-year high of $11.24 and a one-year low of $5.90. Currently, Equinox Gold has an average volume of 1.45M.

Based on the recent corporate insider activity of 15 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 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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