Equinox Gold (NYSEAMERICAN:EQX) PT Raised to C$6.25 at National Bank Financial

Equinox Gold (NYSEAMERICAN:EQXGet Rating) had its target price lifted by investment analysts at National Bank Financial from C$5.50 to C$6.25 in a research note issued on Friday, The Fly reports.

A number of other equities analysts have also weighed in on EQX. Royal Bank of Canada lowered shares of Equinox Gold from a “sector perform” rating to an “underperform” rating in a research report on Monday, October 24th. Stifel Nicolaus reduced their price target on shares of Equinox Gold from C$10.50 to C$8.50 in a research report on Friday, November 4th. BMO Capital Markets raised their target price on shares of Equinox Gold from C$6.00 to C$6.50 in a report on Wednesday, December 7th. Scotiabank cut their target price on shares of Equinox Gold from C$6.50 to C$6.00 in a report on Friday, November 4th. Finally, CIBC cut shares of Equinox Gold from a “neutral” rating to a “sector underperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Equinox Gold currently has a consensus rating of “Hold” and an average price target of $7.79.

Equinox Gold Trading Up 3.2 %

Equinox Gold stock opened at $4.16 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.65 and a current ratio of 2.67. Equinox Gold has a 12-month low of $2.35 and a 12-month high of $9.07. The firm has a market cap of $1.28 billion, a P/E ratio of -37.82 and a beta of 1.02.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Equinox Gold had a negative return on equity of 0.97% and a negative net margin of 1.65%. The firm had revenue of $245.10 million during the quarter. As a group, equities research analysts predict that Equinox Gold will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in shares of Equinox Gold in the second quarter worth about $29,000. Bluefin Capital Management LLC acquired a new stake in Equinox Gold in the third quarter valued at approximately $46,000. AE Wealth Management LLC acquired a new stake in shares of Equinox Gold in the third quarter worth approximately $49,000. Great West Life Assurance Co. Can acquired a new stake in shares of Equinox Gold in the third quarter worth approximately $54,000. Finally, Petrus Trust Company LTA acquired a new stake in shares of Equinox Gold in the third quarter worth approximately $54,000. Institutional investors own 29.56% of the company’s stock.

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 Maranh√£o 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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