Equinox Gold Corp. (NYSEAMERICAN:EQX) Receives Average Rating of “Moderate Buy” from Analysts

Equinox Gold Corp. (NYSEAMERICAN:EQX) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.00.

EQX has been the topic of several recent analyst reports. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Cibc World Mkts raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Royal Bank Of Canada upgraded shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $17.00 in a report on Wednesday, September 10th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Cibc Captl Mkts lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th.

Institutional Investors Weigh In On Equinox Gold

Institutional investors have recently added to or reduced their stakes in the company. Maple Rock Capital Partners Inc. boosted its position in shares of Equinox Gold by 102.1% in the second quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after buying an additional 7,229,260 shares during the period. All Terrain Financial Advisors LLC purchased a new stake in shares of Equinox Gold during the 2nd quarter valued at about $498,000. PKO Investment Management Joint Stock Co lifted its position in Equinox Gold by 50.6% during the 2nd quarter. PKO Investment Management Joint Stock Co now owns 281,387 shares of the company’s stock worth $1,617,000 after acquiring an additional 94,500 shares in the last quarter. Ruffer LLP boosted its holdings in Equinox Gold by 322.1% in the 2nd quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock worth $43,267,000 after acquiring an additional 5,722,871 shares during the period. Finally, Credit Industriel ET Commercial acquired a new stake in Equinox Gold in the second quarter valued at approximately $149,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Shares of EQX opened at $13.70 on Friday. Equinox Gold has a 1 year low of $5.04 and a 1 year high of $15.10. The company’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $10.08. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 274.05 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results 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 return on equity of 5.57% and a net margin of 2.71%.The company had revenue of $819.01 million during the quarter, compared to the consensus estimate of $607.81 million. Equinox Gold’s revenue for the quarter was up 91.2% compared to the same quarter last year. On average, sell-side analysts predict that Equinox Gold will post 0.85 EPS for the current year.

About Equinox Gold

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.