Equinox Gold Corp. (EQX) – What Are Investment Firms Thinking About This Stock?

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX – Get Free Report) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.00.

EQX has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a report on Thursday, July 16th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a report on Thursday, September 17th. Finally, Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th.

Get Our Latest Report on Equinox Gold

Institutional Investors Weigh In On Equinox Gold

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Equinox Gold by 96.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after purchasing an additional 982 shares during the last quarter. Purpose Unlimited Inc. acquired a new position in shares of Equinox Gold in the fourth quarter valued at approximately $42,000. CX Institutional acquired a new position in shares of Equinox Gold in the third quarter valued at approximately $64,000. Continuum Advisory LLC purchased a new position in shares of Equinox Gold during the second quarter valued at approximately $93,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Equinox Gold during the second quarter valued at approximately $100,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Trading Down 1.9%

Shares of NYSEAMERICAN:EQX opened at $11.20 on Tuesday. Equinox Gold has a 12-month low of $8.48 and a 12-month high of $18.96. The business’s fifty day simple moving average is $12.00 and its 200-day simple moving average is $11.97. The company has a market capitalization of $13.08 billion, a PE ratio of 11.20 and a beta of 1.32. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%. The firm had revenue of $769.80 million during the quarter, compared to analysts’ expectations of $775.79 million. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s quarterly revenue was up 60.8% on a year-over-year basis. As a group, equities research analysts predict that Equinox Gold will post 1.10 earnings per share for the current fiscal year.

Equinox Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a $0.0225 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.09 annualized dividend and a yield of 0.8%. This is a boost from Equinox Gold’s previous quarterly dividend of $0.0150. Equinox Gold’s payout ratio is currently 16.67%.

Equinox Gold Company Profile

(Get Free Report)

Equinox Gold Corp. is a mining company focused on the exploration, development and operation of gold properties in the Americas. The company produces gold doré and related gold products from its operating mines and advances a portfolio of development and exploration projects intended to support long-term production.

Equinox Gold’s portfolio has included the Mesquite and Castle Mountain properties in California, the Greenstone Mine in Ontario, and the Aurizona, Fazenda and Santa Luz mines in Brazil, as well as the Los Filos complex in Mexico.

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Analyst Recommendations for Equinox Gold (NYSEAMERICAN:EQX)

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