Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.00.
EQX has been the subject of several research reports. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "buy" rating in a report on Wednesday. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. BMO Capital Markets began coverage on shares of Equinox Gold in a research note on Wednesday, June 18th. They issued an "outperform" rating for the company. National Bankshares reiterated an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. Finally, CIBC reiterated a "neutral" rating on shares of Equinox Gold in a research note on Tuesday.
Check Out Our Latest Stock Analysis on EQX
Equinox Gold Stock Performance
Shares of EQX stock traded up $0.08 during trading hours on Friday, reaching $6.20. The stock had a trading volume of 18,494,613 shares, compared to its average volume of 8,130,708. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.50. Equinox Gold has a twelve month low of $4.48 and a twelve month high of $7.45. The firm has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $6.24. The firm has a market capitalization of $4.69 billion, a PE ratio of 12.40 and a beta of 1.11.
Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.19). The company had revenue of $423.72 million for the quarter, compared to analyst estimates of $404.00 million. Equinox Gold had a net margin of 13.96% and a return on equity of 2.20%. The firm's quarterly revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) EPS. As a group, equities analysts forecast that Equinox Gold will post 0.85 earnings per share for the current year.
Hedge Funds Weigh In On Equinox Gold
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tobam acquired a new stake in shares of Equinox Gold during the first quarter worth $29,000. Parvin Asset Management LLC acquired a new position in Equinox Gold in the fourth quarter valued at about $38,000. ORG Partners LLC raised its stake in Equinox Gold by 191.2% in the second quarter. ORG Partners LLC now owns 7,570 shares of the company's stock valued at $43,000 after purchasing an additional 4,970 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Equinox Gold in the fourth quarter valued at about $47,000. Finally, Continuum Advisory LLC raised its stake in Equinox Gold by 53.3% in the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock valued at $52,000 after purchasing an additional 2,620 shares in the last quarter. 38.85% of the stock is owned by institutional investors.
Equinox Gold Company Profile
(
Get Free ReportEquinox 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.
See Also

Before you consider Equinox Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equinox Gold wasn't on the list.
While Equinox Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.