Equinox Gold (NYSEAMERICAN:EQX) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Equinox Gold (NYSEAMERICAN:EQX - Free Report) in a research report sent to investors on Wednesday morning. The brokerage issued an outperform rating on the stock.

Several other research firms also recently issued reports on EQX. National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a research note on Friday, June 13th. Finally, National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Equinox Gold Trading Down 3.5%

Shares of EQX stock traded down $0.22 during mid-day trading on Wednesday, reaching $6.01. The company's stock had a trading volume of 31,578,710 shares, compared to its average volume of 7,280,315. The company's 50 day simple moving average is $6.61 and its 200-day simple moving average is $6.18. Equinox Gold has a 12-month low of $4.48 and a 12-month high of $7.45. The company has a quick ratio of 0.50, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $2.74 billion, a PE ratio of 12.02 and a beta of 1.17.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). Equinox Gold had a net margin of 13.96% and a return on equity of 2.20%. The business had revenue of $423.72 million during the quarter, compared to analysts' expectations of $404.00 million. During the same period in the prior year, the business posted ($0.13) EPS. The business's revenue was up 75.6% on a year-over-year basis. On average, research analysts predict that Equinox Gold will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EQX. Sanctuary Advisors LLC acquired a new position in Equinox Gold during the 4th quarter worth $462,000. CIBC Asset Management Inc grew its holdings in Equinox Gold by 3.3% during the 4th quarter. CIBC Asset Management Inc now owns 537,896 shares of the company's stock worth $2,703,000 after acquiring an additional 17,017 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Equinox Gold by 719.4% during the 4th quarter. Bank of New York Mellon Corp now owns 154,650 shares of the company's stock worth $776,000 after acquiring an additional 135,776 shares in the last quarter. Kohmann Bosshard Financial Services LLC grew its holdings in Equinox Gold by 10.6% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 36,000 shares of the company's stock worth $181,000 after acquiring an additional 3,450 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Equinox Gold during the 4th quarter worth $187,000. 38.85% of the stock is owned by institutional investors and hedge funds.

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.