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

Equinox Gold Corp. (NYSEAMERICAN:EQX) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $26.00.

EQX has been the subject of several research analyst reports. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday. Zacks Research cut shares of Equinox Gold from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Cibc Captl Mkts downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Monday.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $17.12 on Thursday. The company has a 50 day moving average of $14.32 and a 200 day moving average of $11.23. 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 cap of $13.45 billion, a P/E ratio of 342.47 and a beta of 1.25. Equinox Gold has a 12 month low of $5.59 and a 12 month high of $17.20.

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

Institutional Investors Weigh In On Equinox Gold

A number of large investors have recently added to or reduced their stakes in EQX. American Capital Advisory LLC bought a new stake in Equinox Gold during the second quarter worth about $25,000. SBI Securities Co. Ltd. lifted its position in Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock worth $27,000 after buying an additional 4,479 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in Equinox Gold in the fourth quarter worth approximately $28,000. Lodestone Wealth Management LLC bought a new position in Equinox Gold during the fourth quarter valued at approximately $28,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in Equinox Gold during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Company Profile

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.