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

Equinox Gold Corp. (NYSEAMERICAN:EQX) has earned an average recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.00.

EQX has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Finally, Zacks Research upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. bought a new position in Equinox Gold during the fourth quarter worth about $25,000. Lodestone Wealth Management LLC bought a new position in Equinox Gold during the fourth quarter worth about $28,000. Aventura Private Wealth LLC bought a new position in Equinox Gold during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of Equinox Gold in the fourth quarter valued at approximately $37,000. Finally, Quarry LP raised its stake in shares of Equinox Gold by 329.9% in the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after acquiring an additional 2,098 shares during the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $15.61 on Tuesday. The company has a 50-day moving average of $15.37 and a 200-day moving average of $14.03. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 65.04 and a beta of 1.33. Equinox Gold has a 52 week low of $5.61 and a 52 week high of $18.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56.

Equinox Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a dividend of $0.015 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. Equinox Gold’s dividend payout ratio (DPR) is currently 11.11%.

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.