Equinox Gold Corp. (NYSEAMERICAN:EQX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Equinox Gold Corp. (NYSEAMERICAN:EQX) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $35.00.

Several analysts have recently commented on the company. National Bankshares restated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. TD Securities raised Equinox Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, July 16th. BMO Capital Markets initiated coverage on Equinox Gold in a research report on Wednesday, June 18th. They set an “outperform” rating on the stock. CIBC reiterated a “neutral” rating on shares of Equinox Gold in a report on Tuesday, July 15th. Finally, Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th.

Equinox Gold Stock Up 9.0%

Equinox Gold stock opened at $9.78 on Monday. The company has a market capitalization of $7.43 billion, a PE ratio of -162.97 and a beta of 1.11. Equinox Gold has a 12-month low of $4.95 and a 12-month high of $9.87. The firm’s fifty day moving average is $6.96 and its 200 day moving average is $6.71. 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 (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. The business had revenue of $478.64 million during the quarter, compared to analysts’ expectations of $470.00 million. During the same period last year, the company posted ($0.01) earnings per share. The business’s quarterly revenue was up 77.7% on a year-over-year basis. As a group, sell-side analysts predict that Equinox Gold will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

Large investors have recently added to or reduced their stakes in the business. Veracity Capital LLC increased its holdings in Equinox Gold by 14.2% during the 1st quarter. Veracity Capital LLC now owns 12,589 shares of the company’s stock worth $87,000 after purchasing an additional 1,564 shares in the last quarter. Rathbones Group PLC grew its holdings in Equinox Gold by 1.7% during the first quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock worth $743,000 after buying an additional 1,825 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in 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 buying an additional 1,990 shares during the last quarter. Kohmann Bosshard Financial Services LLC raised its position in Equinox Gold by 5.6% in the 2nd 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. Finally, TD Waterhouse Canada Inc. lifted its stake in Equinox Gold by 13.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock valued at $103,000 after acquiring an additional 2,091 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

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.