Equinox Gold Corp. (NYSEAMERICAN:EQX) Receives $17.00 Consensus PT from Analysts

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have earned an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.00.

A number of research firms have commented on EQX. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Stifel Nicolaus started coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd.

Institutional Investors Weigh In On Equinox Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new position in Equinox Gold during the fourth quarter worth $25,000. Lodestone Wealth Management LLC acquired a new stake in Equinox Gold in the fourth quarter valued at $28,000. Aventura Private Wealth LLC purchased a new position in shares of Equinox Gold in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Equinox Gold in the fourth quarter valued at $37,000. Finally, Quarry LP raised its stake in shares of Equinox Gold by 329.9% during the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after buying an additional 2,098 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Down 3.4%

EQX opened at $11.99 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. Equinox Gold has a 12 month low of $5.59 and a 12 month high of $18.96. The stock has a market capitalization of $9.45 billion, a P/E ratio of 49.96 and a beta of 1.20. The business has a 50 day simple moving average of $15.72 and a 200-day simple moving average of $13.53.

Equinox Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, March 12th. Equinox Gold’s dividend payout ratio (DPR) is presently 11.11%.

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.