Equinox Gold Corp. (NYSEAMERICAN:EQX) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.00.

A number of brokerages have issued reports on EQX. BMO Capital Markets initiated coverage on shares of Equinox Gold in a research note on Wednesday, June 18th. They issued an "outperform" rating on the stock. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a research report 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 Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Equinox Gold Price Performance

Equinox Gold stock traded up $0.12 during trading hours on Friday, hitting $6.23. 13,412,610 shares of the stock were exchanged, compared to its average volume of 8,032,625. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85. The stock has a market capitalization of $4.71 billion, a P/E ratio of 12.46 and a beta of 1.11. Equinox Gold has a 12 month low of $4.48 and a 12 month high of $7.45. The business's 50-day moving average is $6.35 and its two-hundred day moving average is $6.22.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly 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). Equinox Gold had a net margin of 13.96% and a return on equity of 2.20%. The company had revenue of $423.72 million for the quarter, compared to the consensus estimate of $404.00 million. During the same period last year, the company earned ($0.13) earnings per share. Equinox Gold's revenue for the quarter was up 75.6% compared to the same quarter last year. Equities research analysts expect that Equinox Gold will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinox Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Veracity Capital LLC raised its holdings in shares of Equinox Gold by 14.2% in the 1st quarter. Veracity Capital LLC now owns 12,589 shares of the company's stock valued at $87,000 after purchasing an additional 1,564 shares during the period. Rathbones Group PLC raised its holdings in shares of Equinox Gold by 1.7% in the 1st quarter. Rathbones Group PLC now owns 108,129 shares of the company's stock valued at $743,000 after purchasing an additional 1,825 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Equinox Gold by 3.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company's stock valued at $308,000 after purchasing an additional 1,956 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Equinox Gold by 2.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company's stock valued at $592,000 after purchasing an additional 1,990 shares during the period. Finally, Continuum Advisory LLC raised its holdings in shares of Equinox Gold by 53.3% in the 1st 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 during the period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

About Equinox Gold

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.