Investment analysts at TD Cowen began coverage on shares of Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) in a report released on Tuesday, Marketbeat reports. The firm set a "hold" rating and a $35.00 price target on the stock. TD Cowen's target price would indicate a potential upside of 425.53% from the company's current price.
Equinox Gold Price Performance
Shares of NYSEAMERICAN EQX traded up $0.05 during mid-day trading on Tuesday, hitting $6.66. 11,841,334 shares of the company were exchanged, compared to its average volume of 7,756,962. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The company has a market cap of $3.03 billion, a PE ratio of 13.59 and a beta of 1.33. Equinox Gold has a 1-year low of $3.95 and a 1-year high of $6.86.
Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The firm had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. The business's quarterly revenue was up 50.5% compared to the same quarter last year. Sell-side analysts forecast that Equinox Gold will post 0.36 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Equinox Gold by 7.7% during the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company's stock valued at $247,549,000 after buying an additional 2,954,174 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Equinox Gold by 35.5% in the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company's stock valued at $109,927,000 after acquiring an additional 4,727,570 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Equinox Gold by 34.4% in the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock valued at $55,842,000 after acquiring an additional 2,349,000 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Equinox Gold by 15.3% during the third quarter. National Bank of Canada FI now owns 2,288,413 shares of the company's stock valued at $13,938,000 after acquiring an additional 303,904 shares during the last quarter. Finally, Helikon Investments Ltd purchased a new stake in Equinox Gold during the 4th quarter worth about $8,559,000. Institutional investors and hedge funds own 38.85% of the company's stock.
Equinox Gold Company Profile
(
Get Free Report)
Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.
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