Brokerages Set Equinox Gold Corp. (NYSEAMERICAN:EQX) Target Price at $26.00

Equinox Gold Corp. (NYSEAMERICAN:EQX) has earned a consensus rating of “Buy” from the twelve analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $26.00.

A number of equities research analysts have recently weighed in on the stock. National Bankshares restated an “outperform” rating on shares of Equinox Gold in a report on Friday, August 15th. Stifel Canada upgraded shares of Equinox Gold to a “strong-buy” rating in a research report on Monday, December 1st. TD Securities reissued a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. Stifel Nicolaus started coverage on Equinox Gold in a research note on Tuesday, December 2nd. They set a “buy” rating on the stock. Finally, Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th.

Equinox Gold Price Performance

EQX opened at $14.70 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.54 billion, a P/E ratio of 294.06 and a beta of 1.25. The stock has a 50-day moving average price of $12.35 and a 200-day moving average price of $9.27. Equinox Gold has a 12-month low of $4.95 and a 12-month high of $15.10.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $819.01 million during the quarter, compared to the consensus estimate of $607.81 million. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The company’s revenue was up 91.2% compared to the same quarter last year. Equities analysts predict that Equinox Gold will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of Equinox Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd boosted its stake in shares of Equinox Gold by 77.3% during 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 period. Advisory Services Network LLC purchased a new position in shares of Equinox Gold in the third quarter worth $71,000. NewEdge Advisors LLC raised its holdings in Equinox Gold by 1.2% during the 3rd 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 last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Equinox Gold by 99.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 116,938 shares of the company’s stock valued at $1,310,000 after buying an additional 58,181 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in Equinox Gold during the 3rd quarter valued at $1,326,000. 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.