Equinox Gold (NYSEAMERICAN:EQX) Upgraded at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold (NYSEAMERICAN:EQX) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the company. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Zacks Research upgraded shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Finally, Stifel Nicolaus started coverage on shares of Equinox Gold in a research note on Tuesday, December 2nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Equinox Gold presently has an average rating of “Buy” and a consensus price target of $17.00.

Equinox Gold Trading Down 2.3%

Shares of EQX opened at $18.11 on Monday. Equinox Gold has a twelve month low of $5.59 and a twelve month high of $18.96. The firm has a market capitalization of $14.25 billion, a P/E ratio of 75.46 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $15.20 and its 200 day simple moving average is $12.56.

Equinox Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.06 annualized dividend and a yield of 0.3%.

Institutional Trading of Equinox Gold

Several large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Equinox Gold during the fourth quarter worth $192,000. Mcguire Capital Advisors Inc. purchased a new stake in Equinox Gold during the 4th quarter worth $25,000. Vident Advisory LLC acquired a new position in Equinox Gold in the 4th quarter worth $1,176,000. Beacon Pointe Advisors LLC lifted its holdings in Equinox Gold by 25.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 25,000 shares of the company’s stock worth $351,000 after buying an additional 5,000 shares in the last quarter. Finally, Regal Partners Ltd purchased a new position in Equinox Gold in the 4th quarter valued at about $8,894,000. Institutional investors and hedge funds 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.