Analysts Set Equinox Gold Corp. (NYSEAMERICAN:EQX) PT at $26.00

Equinox Gold Corp. (NYSEAMERICAN:EQX) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.00.

A number of brokerages have issued reports on EQX. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Zacks Research upgraded shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Stifel Nicolaus started coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating on the stock. Finally, Stifel Canada upgraded shares of Equinox Gold to a “strong-buy” rating in a research report on Monday, December 1st.

Equinox Gold Stock Up 1.4%

EQX stock opened at $14.64 on Friday. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 292.86 and a beta of 1.25. Equinox Gold has a twelve month low of $5.57 and a twelve month high of $15.10. The business has a 50 day moving average price of $13.39 and a two-hundred day moving average price of $10.28. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data 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 company had revenue of $819.01 million for the quarter, compared to analysts’ expectations of $607.81 million. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The business’s quarterly revenue was up 91.2% on a year-over-year basis. Analysts anticipate that Equinox Gold will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinox Gold

Institutional investors have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. boosted its holdings in shares of Equinox Gold by 102.1% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after purchasing an additional 7,229,260 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Equinox Gold by 70.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company’s stock worth $10,550,000 after buying an additional 390,000 shares during the last quarter. All Terrain Financial Advisors LLC purchased a new stake in Equinox Gold in the second quarter worth approximately $498,000. PKO Investment Management Joint Stock Co grew its position in Equinox Gold by 50.6% during the second quarter. PKO Investment Management Joint Stock Co now owns 281,387 shares of the company’s stock valued at $1,617,000 after acquiring an additional 94,500 shares during the last quarter. Finally, Ruffer LLP lifted its holdings in shares of Equinox Gold by 322.1% in the 2nd quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock worth $43,267,000 after acquiring an additional 5,722,871 shares during the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Company Profile

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.