Equinox Gold Corp. (NYSEAMERICAN:EQX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

A number of research analysts recently issued reports on the company. Stifel Nicolaus began coverage on Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating on the stock. Zacks Research downgraded Equinox Gold from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. 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, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Monday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. U S Global Investors Inc. purchased a new position in shares of Equinox Gold in the 4th quarter valued at approximately $2,808,000. WealthCollab LLC raised its holdings in Equinox Gold by 352.8% in the fourth quarter. WealthCollab LLC now owns 3,337 shares of the company’s stock worth $47,000 after purchasing an additional 2,600 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in Equinox Gold by 422.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 216,779 shares of the company’s stock valued at $3,033,000 after buying an additional 175,270 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Equinox Gold by 64.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,533 shares of the company’s stock valued at $3,174,000 after buying an additional 87,986 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new stake in shares of Equinox Gold in the 4th quarter worth about $24,061,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $17.12 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $13.45 billion, a PE ratio of 342.47 and a beta of 1.25. The company’s fifty day moving average is $14.32 and its 200 day moving average is $11.23. Equinox Gold has a 52 week low of $5.59 and a 52 week high of $17.20.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $819.01 million during the quarter, compared to analysts’ expectations of $607.81 million. Equinox Gold had a net margin of 2.71% and a return on equity of 5.57%. The company’s revenue was up 91.2% compared to the same quarter last year. Research analysts anticipate that Equinox Gold will post 0.85 earnings per share for the current year.

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.