Equinox Gold Corp. (NYSEAMERICAN:EQX) Given Consensus Rating of “Buy” by Analysts

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have earned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.00.

EQX has been the subject of a number of analyst reports. Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada reduced their target price on Equinox Gold from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, The Goldman Sachs Group raised Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday.

Institutional Investors Weigh In On Equinox Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its position in shares of Equinox Gold by 0.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 190,855 shares of the company’s stock worth $2,680,000 after purchasing an additional 795 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Equinox Gold by 3.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 30,247 shares of the company’s stock worth $425,000 after acquiring an additional 940 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 982 shares during the period. HighTower Advisors LLC grew its holdings in shares of Equinox Gold by 8.3% during the 4th quarter. HighTower Advisors LLC now owns 13,067 shares of the company’s stock worth $183,000 after acquiring an additional 1,003 shares during the period. Finally, Integrated Advisors Network LLC grew its holdings in shares of Equinox Gold by 1.2% during the 1st quarter. Integrated Advisors Network LLC now owns 93,075 shares of the company’s stock worth $1,346,000 after acquiring an additional 1,075 shares during the period. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Stock Down 3.5%

Shares of NYSEAMERICAN EQX opened at $10.46 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. Equinox Gold has a 52 week low of $5.61 and a 52 week high of $18.96. The firm’s fifty day moving average is $13.66 and its 200 day moving average is $14.43. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 13.08 and a beta of 1.18.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $861.59 million for the quarter, compared to analysts’ expectations of $896.94 million. Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The business’s revenue for the quarter was up 224.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, equities research analysts expect that Equinox Gold will post 1.27 earnings per share for the current year.

Equinox Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Thursday, May 21st were given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 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.