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

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) have received a consensus rating of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.00.

Several research analysts have commented on EQX shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. Royal Bank Of Canada decreased their target price on Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. Finally, Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $11.60 on Monday. The firm’s fifty day simple moving average is $10.00 and its 200 day simple moving average is $12.99. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. Equinox Gold has a twelve month low of $7.54 and a twelve month high of $18.96. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 11.60 and a beta of 1.27.

Equinox Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.0225 dividend. This represents a $0.09 annualized dividend and a yield of 0.8%. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, August 19th. Equinox Gold’s dividend payout ratio is 11.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EQX. Mcguire Capital Advisors Inc. purchased a new position in shares of Equinox Gold in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in Equinox Gold by 96.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after purchasing an additional 982 shares in the last quarter. Quarry LP increased its stake in 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 buying an additional 2,098 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Equinox Gold during the 4th quarter worth $39,000. Finally, Purpose Unlimited Inc. acquired a new position in Equinox Gold in the 4th quarter worth $42,000. 38.85% of the stock is owned by institutional investors and hedge funds.

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.