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

Equinox Gold Corp. (NYSEAMERICAN:EQX) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.00.

Several brokerages have weighed in on EQX. Zacks Research cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Finally, 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.

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at $14.29 on Friday. Equinox Gold has a twelve month low of $5.61 and a twelve month high of $18.96. The company has a quick ratio of 1.27, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $14.87 and a two-hundred day simple moving average of $14.26. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 17.86 and a beta of 1.21.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The business had revenue of $861.59 million during the quarter, compared to analyst estimates of $896.94 million. During the same quarter last year, the firm earned ($0.08) EPS. Equinox Gold’s revenue for the quarter was up 224.3% compared to the same quarter last year. Analysts forecast that Equinox Gold will post 1.15 EPS for the current year.

Equinox Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Thursday, May 21st will be issued a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 11.11%.

Hedge Funds Weigh In On Equinox Gold

Hedge funds have recently bought and sold shares of the company. Mcguire Capital Advisors Inc. bought a new position in Equinox Gold in the 4th quarter valued at about $25,000. Lodestone Wealth Management LLC bought a new position in Equinox Gold in the 4th quarter valued at about $28,000. Aventura Private Wealth LLC bought a new position in Equinox Gold in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Equinox Gold during the 4th quarter valued at approximately $37,000. Finally, Quarry LP grew its holdings in shares of Equinox Gold by 329.9% during the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after purchasing an additional 2,098 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

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.