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

Equinox Gold Corp. (NYSEAMERICAN:EQX) has received an average recommendation of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $26.00.

EQX has been the subject of a number of recent research reports. Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $11.00 to $17.00 in a research report on Wednesday, September 10th. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Stifel Nicolaus initiated coverage on Equinox Gold in a research report on Tuesday, December 2nd. They set a “buy” rating on the stock. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Finally, Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th.

Institutional Trading of Equinox Gold

Several hedge funds have recently bought and sold shares of the company. Rathbones Group PLC grew its position in Equinox Gold by 1.7% in the 1st quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock worth $743,000 after purchasing an additional 1,825 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its position in shares of Equinox Gold by 5.6% during the second quarter. Kohmann Bosshard Financial Services LLC now owns 38,000 shares of the company’s stock worth $218,000 after buying an additional 2,000 shares during the period. TD Waterhouse Canada Inc. grew its holdings in Equinox Gold by 13.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock worth $103,000 after buying an additional 2,091 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Equinox Gold by 1.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 233,610 shares of the company’s stock valued at $2,625,000 after acquiring an additional 2,313 shares during the period. Finally, Creative Planning raised its stake in Equinox Gold by 8.3% during the 3rd quarter. Creative Planning now owns 37,314 shares of the company’s stock valued at $419,000 after acquiring an additional 2,863 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $14.01 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 280.26 and a beta of 1.25. Equinox Gold has a twelve month low of $4.95 and a twelve month high of $14.35. The business has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $9.14.

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

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.