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

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) have earned a consensus recommendation of "Buy" from the eight analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.00.

A number of research analysts have recently commented on EQX shares. Zacks Research downgraded shares of Equinox Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 22nd. Scotiabank restated an "outperform" rating on shares of Equinox Gold in a research note on Monday, January 26th. BMO Capital Markets restated an "outperform" rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd.

Institutional Trading of Equinox Gold

A number of hedge funds have recently modified their holdings of the stock. Amova Asset Management Americas Inc. lifted its stake in shares of Equinox Gold by 31.8% during the 1st quarter. Amova Asset Management Americas Inc. now owns 147,967 shares of the company's stock worth $2,138,000 after buying an additional 35,693 shares during the last quarter. Swiss National Bank raised its stake in Equinox Gold by 1.1% in the 1st quarter. Swiss National Bank now owns 1,489,002 shares of the company's stock worth $21,472,000 after purchasing an additional 15,900 shares in the last quarter. Euro Pacific Asset Management LLC raised its stake in Equinox Gold by 20.2% in the 1st quarter. Euro Pacific Asset Management LLC now owns 2,292,608 shares of the company's stock worth $32,596,000 after purchasing an additional 385,638 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Equinox Gold in the 1st quarter worth about $844,000. Finally, Bank of New York Mellon Corp raised its stake in Equinox Gold by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 111,174 shares of the company's stock worth $1,608,000 after purchasing an additional 6,504 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Stock Performance

Shares of EQX opened at $14.29 on Friday. The firm has a 50-day moving average of $14.87 and a 200-day moving average of $14.26. Equinox Gold has a one year low of $5.61 and a one year high of $18.96. The company has a market cap of $11.28 billion, a PE ratio of 17.86 and a beta of 1.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 1.27.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The firm had revenue of $861.59 million during the quarter, compared to the consensus estimate of $896.94 million. During the same period last year, the business earned ($0.08) EPS. The business's revenue was up 224.3% on a year-over-year basis. As a group, equities analysts forecast that Equinox Gold will post 1.15 earnings per share for the current year.

Equinox Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, May 21st. 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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