Equinox Gold Corp. (NYSEAMERICAN:EQX) Given Average Recommendation of “Buy” by Analysts

Equinox Gold Corp. (NYSEAMERICAN:EQX) has been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.00.

A number of equities analysts have issued reports on the company. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Stifel Canada raised Equinox Gold to a “strong-buy” rating in a report on Monday, December 1st. Stifel Nicolaus started coverage on shares of Equinox Gold in a research report on Tuesday, December 2nd. They issued a “buy” rating on the stock. National Bankshares reissued an “outperform” rating on shares of Equinox Gold in a report on Friday, August 15th. Finally, Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th.

Equinox Gold Stock Up 4.5%

Equinox Gold stock opened at $14.01 on Wednesday. Equinox Gold has a 52 week low of $4.95 and a 52 week high of $14.35. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 280.26 and a beta of 1.25. The company’s 50-day moving average price is $12.13 and its two-hundred day moving average price is $9.14. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.

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

Institutional Investors Weigh In On Equinox Gold

A number of institutional investors and hedge funds have recently modified their holdings of EQX. Smithfield Trust Co bought a new stake in shares of Equinox Gold during the 3rd quarter worth $43,000. Wexford Capital LP purchased a new stake in shares of Equinox Gold during the third quarter valued at $49,000. American Capital Advisory LLC acquired a new position in shares of Equinox Gold in the 2nd quarter valued at $25,000. SBI Securities Co. Ltd. boosted its position in shares of Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after purchasing an additional 4,479 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Equinox Gold in the 3rd quarter worth about $71,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

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.