Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $11.81 and last traded at $11.45, with a volume of 3374579 shares trading hands. The stock had previously closed at $11.10.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on EQX shares. Cormark upgraded Equinox Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, August 15th. TD Securities reiterated a "buy" rating on shares of Equinox Gold in a research report on Friday, September 5th. Royal Bank Of Canada raised shares of Equinox Gold from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $11.00 to $17.00 in a research note on Wednesday, September 10th. National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a research note on Friday, August 15th. Finally, BMO Capital Markets initiated coverage on shares of Equinox Gold in a report on Wednesday, June 18th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $26.00.
Check Out Our Latest Stock Analysis on EQX
Equinox Gold Stock Up 3.6%
The company has a debt-to-equity ratio of 0.29, a current ratio of 0.94 and a quick ratio of 0.53. The stock has a market capitalization of $9.01 billion, a PE ratio of -191.05 and a beta of 1.14. The company has a 50 day moving average price of $8.89 and a 200-day moving average price of $7.30.
Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $478.64 million for the quarter, compared to analysts' expectations of $470.00 million. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. Equinox Gold's quarterly revenue was up 77.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) earnings per share. As a group, analysts forecast that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Equinox Gold
A number of institutional investors have recently added to or reduced their stakes in EQX. Rathbones Group PLC boosted its position 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 worth $743,000 after purchasing an additional 1,825 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Equinox Gold by 2.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company's stock valued at $592,000 after buying an additional 1,990 shares in the last quarter. Kohmann Bosshard Financial Services LLC raised its stake in Equinox Gold by 5.6% during the second quarter. Kohmann Bosshard Financial Services LLC now owns 38,000 shares of the company's stock valued at $218,000 after buying an additional 2,000 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Equinox Gold by 13.2% in the second quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company's stock worth $103,000 after acquiring an additional 2,091 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Equinox Gold by 53.3% in the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock worth $52,000 after acquiring an additional 2,620 shares during the last quarter. Institutional investors own 38.85% of the company's stock.
Equinox Gold Company Profile
(
Get Free Report)
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.
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