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

Equinox Gold Corp. (NYSEAMERICAN:EQX) has received an average recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.00.

Several equities analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Scotiabank reiterated 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 report on Tuesday, January 27th. Stifel Nicolaus assumed coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Equinox Gold Stock Down 7.5%

Equinox Gold stock opened at $12.03 on Friday. The business’s 50-day simple moving average is $15.56 and its two-hundred day simple moving average is $13.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.56. The company has a market cap of $9.48 billion, a PE ratio of 50.13 and a beta of 1.20. Equinox Gold has a fifty-two week low of $5.59 and a fifty-two week high of $18.96.

Equinox Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, March 12th. Equinox Gold’s dividend payout ratio (DPR) is currently 11.11%.

Institutional Investors Weigh In On Equinox Gold

Hedge funds have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. purchased a new position in shares of Equinox Gold during the 4th quarter valued at approximately $25,000. Lodestone Wealth Management LLC purchased a new position in Equinox Gold in the fourth quarter valued at $28,000. Aventura Private Wealth LLC purchased a new position in Equinox Gold in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Equinox Gold in the fourth quarter worth about $37,000. Finally, Quarry LP boosted its stake in shares of Equinox Gold by 329.9% during the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after acquiring an additional 2,098 shares in the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

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.