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

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $7.39.

A number of brokerages have weighed in on EQX. Scotiabank dropped their price target on shares of Equinox Gold from C$6.50 to C$6.00 in a research report on Friday, November 4th. TD Securities lowered their price objective on shares of Equinox Gold from C$8.00 to C$6.00 in a research note on Friday, November 4th. BMO Capital Markets lowered their price objective on shares of Equinox Gold from C$7.50 to C$6.00 in a research note on Monday, November 7th. Stifel Nicolaus lowered their price objective on shares of Equinox Gold from C$10.50 to C$8.50 in a research note on Friday, November 4th. Finally, Royal Bank of Canada lowered shares of Equinox Gold from a “sector perform” rating to an “underperform” rating in a research note on Monday, October 24th.

Hedge Funds Weigh In On Equinox Gold

A number of institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new position in Equinox Gold in the 2nd quarter valued at $29,000. Bluefin Capital Management LLC acquired a new position in Equinox Gold in the 3rd quarter valued at $46,000. AE Wealth Management LLC acquired a new position in Equinox Gold in the 3rd quarter valued at $49,000. Great West Life Assurance Co. Can acquired a new position in Equinox Gold in the 3rd quarter valued at $54,000. Finally, Petrus Trust Company LTA acquired a new position in shares of Equinox Gold during the 3rd quarter worth $54,000. 30.00% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Equinox Gold stock opened at $3.44 on Wednesday. Equinox Gold has a 12-month low of $2.35 and a 12-month high of $9.07. The stock has a market cap of $1.05 billion, a P/E ratio of -31.27 and a beta of 1.02. The company has a quick ratio of 1.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.32.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Equinox Gold had a negative return on equity of 0.97% and a negative net margin of 1.65%. The firm had revenue of $245.10 million for the quarter. On average, equities research analysts expect that Equinox Gold will post -0.32 earnings per share for the current fiscal year.

Equinox Gold Company Profile

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Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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Analyst Recommendations for Equinox Gold (NYSEAMERICAN:EQX)

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