Investment

Recent Investment Analysts’ Ratings Updates for Equinox Gold (EQX)


A number of firms have modified their ratings and price targets on shares of Equinox Gold (NYSEAMERICAN: EQX) recently:

  • 5/6/2022 – Equinox Gold was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Equinox Gold Corp. engages in the acquisition, exploration and development of mineral deposits. It primarily explores for gold, copper and silver deposits. The company’s principal properties include the Aurizona gold mine in Maranhão State Brazil and the Mesquite gold mine, in California, the United States. Equinox Gold Corp. is headquartered in Vancouver, Canada. “
  • 5/6/2022 – Equinox Gold had its price target lowered by analysts at Desjardins from C$12.00 to C$11.25.
  • 5/5/2022 – Equinox Gold was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating.
  • 5/5/2022 – Equinox Gold had its price target raised by analysts at BMO Capital Markets from C$13.50 to C$14.50.
  • 5/5/2022 – Equinox Gold had its price target lowered by analysts at TD Securities from C$15.50 to C$12.50.
  • 4/29/2022 – Equinox Gold was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $8.00 price target on the stock. According to Zacks, “Equinox Gold Corp. engages in the acquisition, exploration and development of mineral deposits. It primarily explores for gold, copper and silver deposits. The company’s principal properties include the Aurizona gold mine in Maranhão State Brazil and the Mesquite gold mine, in California, the United States. Equinox Gold Corp. is headquartered in Vancouver, Canada. “
  • 4/20/2022 – Equinox Gold had its price target raised by analysts at National Bank Financial from C$13.00 to C$14.00.
  • 4/19/2022 – Equinox Gold had its price target raised by analysts at Scotiabank from C$11.50 to C$12.25.
  • 4/4/2022 – Equinox Gold was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.

Shares of EQX opened at $5.54 on Monday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 4.66 and a beta of 1.11. Equinox Gold Corp. has a 1-year low of $5.25 and a 1-year high of $9.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.84.

Equinox Gold (NYSEAMERICAN:EQX – Get Rating) last posted its earnings results on Thursday, February 24th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $381.20 million during the quarter. Equinox Gold had a return on equity of 2.51% and a net margin of 38.26%. As a group, equities analysts forecast that Equinox Gold Corp. will post 0.3 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in Equinox Gold by 8.2% in the first quarter. Van ECK Associates Corp now owns 33,303,089 shares of the company’s stock valued at $275,415,000 after buying an additional 2,526,327 shares during the period. Norges Bank bought a new position in Equinox Gold in the fourth quarter valued at approximately $16,924,000. Dimensional Fund Advisors LP lifted its position in shares of Equinox Gold by 173.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,207,772 shares of the company’s stock valued at $18,258,000 after buying an additional 1,399,386 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Equinox Gold by 67.0% in the first quarter. Russell Investments Group Ltd. now owns 3,056,929 shares of the company’s stock valued at $25,256,000 after buying an additional 1,225,988 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its holdings in Equinox Gold by 26.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,497,593 shares of the company’s stock worth $30,404,000 after purchasing an additional 939,751 shares during the last quarter. 35.13% of the stock is currently owned by institutional investors and hedge funds.

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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