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

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Free Report) has received an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.00.

Several research analysts have commented on the company. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Zacks Research downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Royal Bank Of Canada cut their price objective on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th.

Read Our Latest Report on Equinox Gold

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EQX. Mcguire Capital Advisors Inc. bought a new stake in Equinox Gold during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC increased its stake in Equinox Gold by 96.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after acquiring an additional 982 shares during the last quarter. Quarry LP raised its holdings in shares of Equinox Gold by 329.9% in the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after acquiring an additional 2,098 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Equinox Gold in the 4th quarter valued at about $39,000. Finally, Purpose Unlimited Inc. purchased a new stake in shares of Equinox Gold in the 4th quarter valued at about $42,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Down 5.1%

NYSEAMERICAN:EQX opened at $12.20 on Friday. The company has a market cap of $14.24 billion, a P/E ratio of 12.20 and a beta of 1.32. The stock’s fifty day moving average price is $10.99 and its two-hundred day moving average price is $12.63. Equinox Gold has a 1 year low of $8.48 and a 1 year high of $18.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77.

Equinox Gold (NYSEAMERICAN:EQXGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Equinox Gold had a net margin of 26.30% and a return on equity of 10.91%. The company had revenue of $769.80 million during the quarter, compared to analysts’ expectations of $775.79 million. During the same quarter last year, the firm posted $0.11 earnings per share. Equinox Gold’s revenue for the quarter was up 60.8% compared to the same quarter last year. As a group, analysts expect that Equinox Gold will post 1.1 EPS for the current year.

Equinox Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.0225 dividend. This represents a $0.09 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. Equinox Gold’s payout ratio is 16.67%.

About Equinox Gold

(Get Free Report)

Equinox Gold Corp. is a mining company focused on the acquisition, development and operation of gold properties in the Americas. The company produces gold doré and related byproducts from its portfolio of open-pit and underground mining operations, while also advancing development and expansion projects intended to increase production.

Equinox Gold’s assets have included operations in the United States, Mexico and Brazil, as well as the Greenstone mine in Ontario, Canada. Its portfolio has included the Mesquite and Castle Mountain properties in California; the Los Filos complex in Guerrero, Mexico; and the Aurizona, Fazenda and Santa Luz mines in Brazil.

Further Reading

Analyst Recommendations for Equinox Gold (NYSEAMERICAN:EQX)

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