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Equinox Gold (EQX) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Fri Jan 16, 7:44AM CST

Canaccord Genuity analyst Jeremy Hoy maintained a Buy rating on Equinox Gold yesterday and set a price target of C$23.50. The company’s shares closed yesterday at C$20.37.

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According to TipRanks, Hoy is a top 100 analyst with an average return of 69.5% and a 90.08% success rate. Hoy covers the Basic Materials sector, focusing on stocks such as McEwen Mining, Dundee Precious Mtl, and Orezone Gold Corporation Registered Shs.

Currently, the analyst consensus on Equinox Gold is a Strong Buy with an average price target of C$22.09.

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The company has a one-year high of C$21.03 and a one-year low of C$7.71. Currently, Equinox Gold has an average volume of 2.42M.

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQX in relation to earlier this year.

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