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

Equinox Gold Corp. (NYSEAMERICAN:EQX) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.00.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. 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. Zacks Research raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th.

Institutional Investors Weigh In On Equinox Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Ruffer LLP raised its holdings in shares of Equinox Gold by 15.4% in the 3rd quarter. Ruffer LLP now owns 8,651,889 shares of the company’s stock valued at $96,992,000 after purchasing an additional 1,152,288 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Equinox Gold in the 3rd quarter valued at about $6,991,000. Allspring Global Investments Holdings LLC grew its stake in Equinox Gold by 70.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company’s stock valued at $10,550,000 after buying an additional 390,000 shares during the last quarter. Integrated Advisors Network LLC acquired a new position in Equinox Gold in the 3rd quarter valued at about $1,111,000. Finally, Vanguard Group Inc. grew its stake in Equinox Gold by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company’s stock valued at $307,659,000 after buying an additional 822,981 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Trading Down 1.4%

Shares of NYSEAMERICAN:EQX opened at $15.39 on Tuesday. The company’s 50-day moving average price is $15.37 and its two-hundred day moving average price is $14.09. 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 one year low of $5.61 and a one year high of $18.96. The stock has a market capitalization of $12.14 billion, a PE ratio of 64.13 and a beta of 1.33.

Equinox Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. Equinox Gold’s dividend payout ratio is presently 11.11%.

About Equinox Gold

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.