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

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of brokerages have issued reports on EQX. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Cibc Captl Mkts downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Stifel Nicolaus assumed coverage on shares of Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating on the stock.

Equinox Gold Stock Performance

Shares of EQX stock opened at $13.70 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62. The company’s fifty day moving average price is $13.10 and its two-hundred day moving average price is $10.08. The firm has a market capitalization of $10.76 billion, a P/E ratio of 274.05 and a beta of 1.25. Equinox Gold has a 12 month low of $5.04 and a 12 month high of $15.10.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. American Capital Advisory LLC acquired a new stake in shares of Equinox Gold during the 2nd quarter valued at approximately $25,000. SBI Securities Co. Ltd. increased its stake in Equinox Gold by 2,054.6% during the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after purchasing an additional 4,479 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Equinox Gold by 191.2% during the second quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock worth $43,000 after purchasing an additional 4,970 shares during the period. Smithfield Trust Co bought a new position in shares of Equinox Gold in the 3rd quarter worth about $43,000. Finally, Wexford Capital LP acquired a new position in shares of Equinox Gold in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

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.