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

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $26.00.

EQX has been the subject of several research analyst reports. National Bankshares reiterated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. CIBC reiterated a “neutral” rating on shares of Equinox Gold in a research note on Tuesday, July 15th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. Zacks Research upgraded shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets initiated coverage on shares of Equinox Gold in a research note on Wednesday, June 18th. They issued an “outperform” rating for the company.

Institutional Trading of Equinox Gold

Hedge funds have recently bought and sold shares of the business. Eschler Asset Management LLP acquired a new stake in Equinox Gold in the 1st quarter valued at $968,000. Ruffer LLP grew its position in Equinox Gold by 322.1% in the 2nd quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock valued at $43,267,000 after purchasing an additional 5,722,871 shares during the period. Invenomic Capital Management LP grew its position in Equinox Gold by 8.2% in the 1st quarter. Invenomic Capital Management LP now owns 1,320,532 shares of the company’s stock valued at $9,085,000 after purchasing an additional 99,691 shares during the period. Cetera Investment Advisers acquired a new stake in Equinox Gold in the 4th quarter valued at $95,000. Finally, UMB Bank n.a. acquired a new stake in Equinox Gold in the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Up 1.4%

Equinox Gold stock opened at $10.64 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.94. Equinox Gold has a 52-week low of $4.95 and a 52-week high of $11.15. The firm has a 50 day moving average price of $8.24 and a two-hundred day moving average price of $7.09. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of -177.30 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. The firm had revenue of $478.64 million during the quarter, compared to analyst estimates of $470.00 million. During the same quarter last year, the business earned ($0.01) EPS. The company’s revenue was up 77.7% compared to the same quarter last year. Equities analysts predict that Equinox Gold will post 0.85 EPS for the current year.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.