Equinox Gold (NYSEAMERICAN:EQX) Now Covered by Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Equinox Gold (NYSEAMERICAN:EQX) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $11.00 to $17.00 in a report on Wednesday, September 10th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research report on Friday, September 5th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Finally, National Bankshares reissued an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Equinox Gold currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Equinox Gold Trading Down 0.8%

NYSEAMERICAN:EQX opened at $13.92 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62. The stock has a market cap of $10.92 billion, a PE ratio of 278.46 and a beta of 1.25. The stock’s 50-day moving average is $11.83 and its two-hundred day moving average is $8.89. Equinox Gold has a fifty-two week low of $4.95 and a fifty-two week high of $14.27.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. Equinox Gold had a net margin of 2.71% and a return on equity of 5.57%. The firm had revenue of $819.01 million for the quarter, compared to analyst estimates of $607.81 million. The company’s revenue was up 91.2% on a year-over-year basis. As a group, equities research analysts forecast that Equinox Gold will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Swiss Life Asset Management Ltd lifted its position in Equinox Gold by 77.3% in the third quarter. Swiss Life Asset Management Ltd now owns 31,091 shares of the company’s stock valued at $349,000 after purchasing an additional 13,557 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Equinox Gold during the third quarter worth about $71,000. NewEdge Advisors LLC increased its stake in shares of Equinox Gold by 1.2% during the third quarter. NewEdge Advisors LLC now owns 271,974 shares of the company’s stock valued at $3,052,000 after buying an additional 3,250 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Equinox Gold by 99.0% during the third quarter. CANADA LIFE ASSURANCE Co now owns 116,938 shares of the company’s stock valued at $1,310,000 after acquiring an additional 58,181 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new position in shares of Equinox Gold during the third quarter valued at about $1,326,000. 38.85% of the stock is owned by institutional investors.

About Equinox Gold

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.