The Executive Vice-President – Operations of Equinox Gold (NYSE MKT: EQX) is Selling Shares

Today, the Executive Vice-President – Operations of Equinox Gold (EQXResearch Report), Robert Scott Heffernan, sold shares of EQX for $341.4K.

This is Heffernan’s first transaction since reporting a Buy transaction on TSE:NDR back in July 2018 In addition to Robert Scott Heffernan, one other EQX executive reported Sell trades in the last month.

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Based on Equinox Gold’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $215 million and GAAP net loss of -$58,683,000. In comparison, last year the company earned revenue of $35.4 million and had a GAAP net loss of $10.47 million. The company has a one-year high of $13.66 and a one-year low of $4.63. Currently, Equinox Gold has an average volume of 947.51K.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $16.31, reflecting a -29.9% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy EQX with a $17.00 price target.

The insider sentiment on Equinox Gold has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Robert Scott Heffernan’s trades have generated a -26.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.