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

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.00.

Several research firms have issued reports on EQX. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Zacks Research downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd.

Institutional Trading of Equinox Gold

Hedge funds have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. acquired a new stake in Equinox Gold during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in 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 buying an additional 982 shares during the period. Lodestone Wealth Management LLC acquired a new stake in Equinox Gold during the 4th quarter worth $28,000. Aventura Private Wealth LLC bought a new position in Equinox Gold during the 4th quarter worth about $28,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Equinox Gold in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Down 3.1%

NYSEAMERICAN EQX opened at $12.11 on Wednesday. The firm has a market cap of $9.56 billion, a PE ratio of 15.14 and a beta of 1.18. Equinox Gold has a one year low of $5.61 and a one year high of $18.96. The stock’s 50 day simple moving average is $13.82 and its 200 day simple moving average is $14.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $861.59 million for the quarter, compared to the consensus estimate of $896.94 million. Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The firm’s revenue was up 224.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share. As a group, sell-side analysts forecast that Equinox Gold will post 1.27 earnings per share for the current fiscal year.

Equinox Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Thursday, May 21st will be paid a $0.015 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.5%. Equinox Gold’s dividend payout ratio is 11.11%.

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.