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

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) has received a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.91.

EQX has been the subject of a number of recent research reports. National Bank Financial upped their price target on Equinox Gold from C$13.00 to C$14.00 in a research report on Wednesday, April 20th. Scotiabank downgraded Equinox Gold from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 5th. Canaccord Genuity Group reduced their price target on Equinox Gold from C$10.50 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. TD Securities reduced their price target on Equinox Gold from C$15.50 to C$12.50 in a research report on Thursday, May 5th. Finally, BMO Capital Markets upped their price target on Equinox Gold from C$13.50 to C$14.50 in a research report on Thursday, May 5th.

EQX traded up $0.19 during midday trading on Friday, reaching $5.54. 2,654,566 shares of the company were exchanged, compared to its average volume of 2,302,770. The company has a current ratio of 2.84, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. Equinox Gold has a one year low of $5.25 and a one year high of $9.55. The stock has a market cap of $1.67 billion, a P/E ratio of 4.66 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Equinox Gold had a return on equity of 2.51% and a net margin of 38.26%. The business had revenue of $381.20 million during the quarter. As a group, equities analysts forecast that Equinox Gold will post 0.3 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Equinox Gold by 55.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,938 shares of the company’s stock valued at $34,000 after buying an additional 1,756 shares in the last quarter. CWM LLC acquired a new stake in Equinox Gold in the fourth quarter valued at about $39,000. Magnolia Capital Advisors LLC acquired a new stake in Equinox Gold in the third quarter valued at about $79,000. Advisor Resource Council boosted its stake in Equinox Gold by 20,355.6% in the third quarter. Advisor Resource Council now owns 12,887 shares of the company’s stock valued at $85,000 after buying an additional 12,824 shares in the last quarter. Finally, Fermata Advisors LLC acquired a new stake in Equinox Gold in the first quarter valued at about $91,000. 35.13% of the stock is currently owned by institutional investors.

Equinox Gold Company Profile (Get Rating)

Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

Further Reading

Analyst Recommendations for Equinox Gold (NYSEAMERICAN:EQX)

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