Equinox Gold Corp. (NYSEAMERICAN:EQX) Receives $26.00 Consensus PT from Analysts

Equinox Gold Corp. (NYSEAMERICAN:EQX) has received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $26.00.

Several analysts recently commented on EQX shares. Stifel Nicolaus started coverage on Equinox Gold in a research note on Tuesday, December 2nd. They set a “buy” rating on the stock. Cibc Captl Mkts downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Finally, Zacks Research downgraded shares of Equinox Gold from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th.

Hedge Funds Weigh In On Equinox Gold

A number of large investors have recently added to or reduced their stakes in EQX. Rathbones Group PLC boosted its position in shares of Equinox Gold by 1.7% during the second quarter. Rathbones Group PLC now owns 109,993 shares of the company’s stock worth $633,000 after buying an additional 1,864 shares during the period. Kohmann Bosshard Financial Services LLC lifted its stake in Equinox Gold by 5.6% in the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 38,000 shares of the company’s stock valued at $218,000 after acquiring an additional 2,000 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in Equinox Gold during the 4th quarter worth approximately $28,000. Aventura Private Wealth LLC bought a new position in shares of Equinox Gold during the 4th quarter worth approximately $28,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Equinox Gold by 13.2% in the second quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock valued at $103,000 after purchasing an additional 2,091 shares during the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Down 10.7%

Shares of NYSEAMERICAN EQX opened at $14.30 on Thursday. Equinox Gold has a 52-week low of $5.59 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07. The stock has a market cap of $11.23 billion, a P/E ratio of 286.06 and a beta of 1.25. The firm has a 50 day moving average price of $14.45 and a 200 day moving average price of $11.35.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The company had revenue of $819.01 million for the quarter, compared to analyst estimates of $607.81 million. Equinox Gold had a net margin of 2.71% and a return on equity of 5.57%. Equinox Gold’s revenue for the quarter was up 91.2% on a year-over-year basis. Analysts expect that Equinox Gold will post 0.85 EPS for the current year.

Equinox Gold Company Profile

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.