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

Key Points

• Equinox Gold Corp. has received a consensus rating of "Moderate Buy" from analysts, with three hold ratings, four buy ratings, and one strong buy rating.
• The company's shares are currently trading at $10.64, with a 12-month price target set at $26.00 by analysts.
• Equinox Gold reported a 77.7% year-over-year increase in revenue for the last quarter, with earnings per share surpassing estimates at $0.11, compared to a negative EPS of ($0.01) the previous year.

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $26.00.

A number of equities research analysts have issued reports on EQX shares. BMO Capital Markets started coverage on shares of Equinox Gold in a research note on Wednesday, June 18th. They set an "outperform" rating on the stock. Cormark upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 15th. TD Securities restated a "buy" rating on shares of Equinox Gold in a research note on Friday, September 5th. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a research note on Friday, August 15th. Finally, Royal Bank Of Canada upgraded shares of Equinox Gold from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $11.00 to $17.00 in a research note on Wednesday, September 10th.

Equinox Gold Trading Up 1.4%

Shares of Equinox Gold stock opened at $10.64 on Friday. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of -177.30 and a beta of 1.11. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. Equinox Gold has a 12-month low of $4.95 and a 12-month high of $11.15. The firm's 50-day moving average price is $8.24 and its two-hundred day moving average price is $7.09.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. The firm had revenue of $478.64 million for the quarter, compared to the consensus estimate of $470.00 million. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. The business's revenue for the quarter was up 77.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. On average, analysts forecast that Equinox Gold will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinox Gold

Hedge funds have recently made changes to their positions in the stock. American Capital Advisory LLC acquired a new stake in shares of Equinox Gold in the 2nd quarter valued at approximately $25,000. SBI Securities Co. Ltd. raised its holdings in Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company's stock valued at $27,000 after buying an additional 4,479 shares during the last quarter. Tobam bought a new position in Equinox Gold in the 1st quarter valued at approximately $29,000. ORG Partners LLC raised its holdings in Equinox Gold by 191.2% in the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company's stock valued at $43,000 after buying an additional 4,970 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Equinox Gold in the 4th quarter valued at approximately $47,000. 38.85% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.