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

Key Points

• Equinox Gold received a consensus “Buy” rating from eight analysts (five Buy, three Strong Buy) with an average one‑year price target of $17.00.
• Major institutions increased positions recently—RBC (+232.7%), Goldman Sachs (+35.7%), UBS AM (+164.8%) and new investment from Millennium—bringing institutional ownership to about 38.85%.
• The stock trades around $15.07 with a market cap of $11.9B and a P/E of 62.8, pays a small quarterly dividend of $0.015 (annualized $0.06, ~0.4% yield), and has a 52‑week range of $5.61–$18.96.

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) have been given an average recommendation of "Buy" by the eight research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $17.00.

A number of brokerages recently issued reports on EQX. Zacks Research raised Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 24th. Scotiabank reissued an "outperform" rating on shares of Equinox Gold in a research report on Monday, January 26th. BMO Capital Markets reissued an "outperform" rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce raised Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EQX. Royal Bank of Canada grew its stake in Equinox Gold by 232.7% in the first quarter. Royal Bank of Canada now owns 558,605 shares of the company's stock valued at $3,843,000 after purchasing an additional 390,690 shares in the last quarter. Millennium Management LLC bought a new position in Equinox Gold in the first quarter valued at approximately $6,883,000. Goldman Sachs Group Inc. grew its stake in Equinox Gold by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company's stock valued at $12,812,000 after purchasing an additional 490,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Equinox Gold by 164.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company's stock valued at $5,367,000 after purchasing an additional 485,567 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Equinox Gold by 77.5% in the 2nd quarter. Geode Capital Management LLC now owns 356,122 shares of the company's stock valued at $2,067,000 after purchasing an additional 155,460 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Trading Down 0.1%

NYSEAMERICAN EQX opened at $15.07 on Tuesday. The firm has a market cap of $11.89 billion, a P/E ratio of 62.79 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27. The stock's 50-day moving average is $15.32 and its 200-day moving average is $13.94. Equinox Gold has a one year low of $5.61 and a one year high of $18.96.

Equinox Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, March 12th. Equinox Gold's dividend payout ratio (DPR) is currently 11.11%.

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.

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