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

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have been given an average recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.00.

A number of brokerages recently issued reports on EQX. Zacks Research raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EQX. Royal Bank of Canada grew its stake in Equinox Gold by 232.7% in the first quarter. Royal Bank of Canada now owns 558,605 shares of the company’s stock valued at $3,843,000 after purchasing an additional 390,690 shares in the last quarter. Millennium Management LLC bought a new position in Equinox Gold in the first quarter valued at approximately $6,883,000. Goldman Sachs Group Inc. grew its stake in Equinox Gold by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company’s stock valued at $12,812,000 after purchasing an additional 490,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Equinox Gold by 164.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company’s stock valued at $5,367,000 after purchasing an additional 485,567 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Equinox Gold by 77.5% in the 2nd quarter. Geode Capital Management LLC now owns 356,122 shares of the company’s stock valued at $2,067,000 after purchasing an additional 155,460 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Trading Down 0.1%

NYSEAMERICAN EQX opened at $15.07 on Tuesday. The firm has a market cap of $11.89 billion, a P/E ratio of 62.79 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. The stock’s 50-day moving average is $15.32 and its 200-day moving average is $13.94. Equinox Gold has a one year low of $5.61 and a one year high of $18.96.

Equinox Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, March 12th. Equinox Gold’s dividend payout ratio (DPR) is currently 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.