Equinox Gold Corp. (NYSEAMERICAN:EQX) Receives $35.00 Consensus Price Target from Brokerages

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have earned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $35.00.

Several brokerages recently commented on EQX. National Bankshares reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Friday, June 13th. BMO Capital Markets assumed coverage on shares of Equinox Gold in a research note on Wednesday, June 18th. They issued an “outperform” rating on the stock. National Bank Financial raised shares of Equinox Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, CIBC restated a “neutral” rating on shares of Equinox Gold in a research note on Tuesday.

Equinox Gold Stock Down 2.7%

EQX opened at $6.12 on Friday. The company has a market capitalization of $4.63 billion, a PE ratio of 12.24 and a beta of 1.11. The business has a 50-day moving average of $6.33 and a 200-day moving average of $6.24. Equinox Gold has a fifty-two week low of $4.48 and a fifty-two week high of $7.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.50.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.19). Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The business had revenue of $423.72 million for the quarter, compared to analyst estimates of $404.00 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The business’s revenue for the quarter was up 75.6% on a year-over-year basis. Equities research analysts forecast that Equinox Gold will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

A number of institutional investors have recently added to or reduced their stakes in EQX. Public Employees Retirement System of Ohio boosted its stake in shares of Equinox Gold by 41.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 231,297 shares of the company’s stock worth $1,334,000 after buying an additional 67,815 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Equinox Gold during the 2nd quarter valued at approximately $69,000. UMB Bank n.a. bought a new stake in Equinox Gold in the 2nd quarter valued at $200,000. Baader Bank Aktiengesellschaft bought a new position in shares of Equinox Gold during the 2nd quarter valued at approximately $74,000. Finally, Invst LLC bought a new stake in Equinox Gold in the first quarter worth $877,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.