Analysts Set Equinox Gold Corp. (NYSEAMERICAN:EQX) PT at $14.00

Equinox Gold Corp. (NYSEAMERICAN:EQX) has earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.00.

EQX has been the subject of a number of analyst reports. Zacks Research upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Royal Bank Of Canada cut their price objective on shares of Equinox Gold from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. Finally, The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a research note on Monday, June 8th.

Hedge Funds Weigh In On Equinox Gold

Several hedge funds have recently bought and sold shares of EQX. Integrated Advisors Network LLC purchased a new stake in Equinox Gold in the 3rd quarter valued at about $1,111,000. Vanguard Group Inc. lifted its stake in Equinox Gold by 3.1% in the third quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company’s stock worth $307,659,000 after acquiring an additional 822,981 shares during the period. TT International Asset Management LTD purchased a new stake in Equinox Gold in the fourth quarter worth about $24,061,000. Euro Pacific Asset Management LLC grew its holdings in Equinox Gold by 8.3% during the 4th quarter. Euro Pacific Asset Management LLC now owns 1,906,970 shares of the company’s stock worth $26,173,000 after acquiring an additional 145,541 shares in the last quarter. Finally, Quadrature Capital Ltd increased its position in Equinox Gold by 625.5% during the 3rd quarter. Quadrature Capital Ltd now owns 1,868,151 shares of the company’s stock valued at $20,954,000 after purchasing an additional 1,610,651 shares during the period. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $10.14 on Friday. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 12.68 and a beta of 1.26. Equinox Gold has a 1 year low of $5.70 and a 1 year high of $18.96. The business has a 50 day simple moving average of $12.00 and a 200-day simple moving average of $13.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.75.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Equinox Gold had a return on equity of 10.26% and a net margin of 21.72%.The company had revenue of $861.59 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter last year, the firm posted ($0.08) EPS. Equinox Gold’s revenue for the quarter was up 224.3% compared to the same quarter last year. Equities analysts forecast that Equinox Gold will post 1.22 EPS for the current year.

Equinox Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Thursday, May 21st were paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, May 21st. Equinox Gold’s dividend payout ratio (DPR) is currently 11.11%.

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.