Equinox Gold (NYSEAMERICAN:EQX) Reaches New 52-Week Low at $3.14

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.14 and last traded at $3.14, with a volume of 135146 shares changing hands. The stock had previously closed at $3.41.

Analysts Set New Price Targets

Several research firms recently issued reports on EQX. Stifel Nicolaus reduced their price target on Equinox Gold from C$16.25 to C$11.50 in a research note on Wednesday, July 20th. National Bank Financial downgraded Equinox Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 29th. BMO Capital Markets cut their target price on Equinox Gold from C$9.50 to C$8.50 in a research report on Friday, September 9th. Finally, TD Securities cut their target price on Equinox Gold from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Equinox Gold has an average rating of “Hold” and an average price target of $11.00.

Equinox Gold Trading Down 7.3 %

The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.25. The stock has a market cap of $963.99 million, a price-to-earnings ratio of -106.33 and a beta of 1.26.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). Equinox Gold had a return on equity of 0.43% and a net margin of 0.67%. The business had revenue of $224.60 million for the quarter. On average, sell-side analysts anticipate that Equinox Gold Corp. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Equinox Gold

Institutional investors have recently modified their holdings of the business. Fermata Advisors LLC acquired a new position in shares of Equinox Gold during the 1st quarter worth $91,000. Pier 88 Investment Partners LLC increased its holdings in Equinox Gold by 12.6% in the 1st quarter. Pier 88 Investment Partners LLC now owns 96,485 shares of the company’s stock worth $798,000 after purchasing an additional 10,780 shares in the last quarter. American Century Companies Inc. acquired a new position in Equinox Gold in the 1st quarter worth about $4,005,000. Cornerstone Wealth Management LLC acquired a new position in Equinox Gold in the 1st quarter worth about $302,000. Finally, Oppenheimer & Close LLC increased its holdings in Equinox Gold by 2.5% in the 1st quarter. Oppenheimer & Close LLC now owns 215,841 shares of the company’s stock worth $1,783,000 after purchasing an additional 5,200 shares in the last quarter. Institutional investors and hedge funds own 30.00% of the company’s stock.

Equinox Gold Company Profile

(Get Rating)

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.

Further Reading

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