Equinox Gold Cp (NASDAQ:EQX) Receives Consensus Rating of “Buy” from Brokerages

Equinox Gold Cp (NASDAQ:EQX) has earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $16.00.

Several research analysts have recently weighed in on EQX shares. Scotiabank increased their price target on Equinox Gold Cp from $14.50 to $17.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Zacks Investment Research upgraded Equinox Gold Cp from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, July 23rd. CIBC raised their target price on Equinox Gold Cp from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. TheStreet upgraded Equinox Gold Cp from a “d+” rating to a “c” rating in a research note on Friday, May 15th. Finally, TD Securities raised their target price on Equinox Gold Cp from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th.

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. increased its stake in Equinox Gold Cp by 1,360.5% in the 1st quarter. Invesco Ltd. now owns 438,148 shares of the company’s stock worth $2,905,000 after purchasing an additional 408,148 shares during the period. Two Sigma Advisers LP increased its stake in shares of Equinox Gold Cp by 218.9% during the first quarter. Two Sigma Advisers LP now owns 439,089 shares of the company’s stock valued at $2,911,000 after buying an additional 301,389 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Equinox Gold Cp during the first quarter valued at approximately $161,000. UBS Group AG increased its stake in shares of Equinox Gold Cp by 25.8% during the fourth quarter. UBS Group AG now owns 16,627 shares of the company’s stock valued at $128,000 after buying an additional 3,414 shares during the period. Finally, Optimum Investment Advisors purchased a new position in shares of Equinox Gold Cp during the second quarter valued at approximately $56,000.

NASDAQ EQX opened at $11.97 on Friday. The business has a fifty day simple moving average of $11.02 and a 200 day simple moving average of $8.88. Equinox Gold Cp has a 12 month low of $4.63 and a 12 month high of $12.35.

Equinox Gold Cp (NASDAQ:EQX) last announced its earnings results on Friday, May 15th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $130.00 million for the quarter.

About Equinox Gold Cp

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona gold mine covering a total land package of approximately 2,000 square kilometers located in Maranhão State, Brazil; and the Mesquite gold mine covering a total area of 1,890 hectares and Castle Mountain property situated in California, the United States.

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Analyst Recommendations for Equinox Gold Cp (NASDAQ:EQX)

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