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

Equinox Gold Corp. (NYSEAMERICAN:EQX) has earned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.00.

A number of brokerages have recently commented on EQX. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Stifel Nicolaus assumed coverage on Equinox Gold in a research report on Tuesday, December 2nd. They set a “buy” rating for the company. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th.

Equinox Gold Trading Down 7.5%

EQX opened at $12.41 on Friday. The stock has a market capitalization of $9.78 billion, a P/E ratio of 51.71 and a beta of 1.20. Equinox Gold has a 12 month low of $5.59 and a 12 month high of $18.96. The firm’s fifty day simple moving average is $15.77 and its 200 day simple moving average is $13.45. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24.

Equinox Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, March 12th. Equinox Gold’s payout ratio is presently 11.11%.

Hedge Funds Weigh In On Equinox Gold

A number of large investors have recently modified their holdings of EQX. Gamco Investors INC. ET AL increased its position in shares of Equinox Gold by 0.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 190,855 shares of the company’s stock valued at $2,680,000 after acquiring an additional 795 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Equinox Gold by 3.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 30,247 shares of the company’s stock valued at $425,000 after purchasing an additional 940 shares in the last quarter. HighTower Advisors LLC increased its position 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 purchasing an additional 1,003 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Equinox Gold by 1.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 107,101 shares of the company’s stock worth $1,504,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Equinox Gold by 14.0% during the 4th quarter. Stifel Financial Corp now owns 11,598 shares of the company’s stock worth $163,000 after purchasing an additional 1,427 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.