TheStreet Lowers Equinox Gold (NYSEAMERICAN:EQX) to C+

Equinox Gold (NYSEAMERICAN:EQXGet Rating) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Friday, TheStreetRatingsTable reports.

Several other research firms also recently commented on EQX. Canaccord Genuity Group reduced their price objective on Equinox Gold from C$10.50 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. Desjardins cut their target price on Equinox Gold from C$12.00 to C$11.25 in a research note on Friday, May 6th. National Bank Financial increased their target price on Equinox Gold from C$13.00 to C$14.00 in a research note on Wednesday, April 20th. BMO Capital Markets cut their target price on Equinox Gold from C$14.50 to C$14.00 in a research note on Tuesday, May 17th. Finally, TD Securities lowered their price target on Equinox Gold from C$15.50 to C$12.50 in a report on Thursday, May 5th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $11.50.

NYSEAMERICAN:EQX opened at $5.76 on Friday. The stock has a market cap of $1.75 billion, a PE ratio of 4.84 and a beta of 1.11. Equinox Gold has a 1 year low of $5.25 and a 1 year high of $9.55. The company has a quick ratio of 2.20, a current ratio of 2.84 and a debt-to-equity ratio of 0.20.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last announced its earnings results on Thursday, February 24th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $381.20 million during the quarter. Equinox Gold had a return on equity of 2.51% and a net margin of 38.26%. As a group, research analysts forecast that Equinox Gold will post 0.3 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of Equinox Gold by 55.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,938 shares of the company’s stock valued at $34,000 after buying an additional 1,756 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Equinox Gold by 0.7% in the first quarter. Toronto Dominion Bank now owns 263,779 shares of the company’s stock valued at $2,181,000 after buying an additional 1,858 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Equinox Gold by 5.8% in the first quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company’s stock valued at $377,000 after buying an additional 2,500 shares in the last quarter. Confluence Investment Management LLC increased its holdings in shares of Equinox Gold by 8.2% in the fourth quarter. Confluence Investment Management LLC now owns 35,079 shares of the company’s stock valued at $237,000 after buying an additional 2,655 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Equinox Gold by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock valued at $485,000 after buying an additional 2,669 shares in the last quarter. 35.13% of the stock is currently owned by institutional investors.

About Equinox Gold (Get Rating)

Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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Analyst Recommendations for Equinox Gold (NYSEAMERICAN:EQX)

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