Equinox Gold Cp (NASDAQ:EQX) Receives $12.94 Average Price Target from Analysts
Shares of Equinox Gold Cp (NASDAQ:EQX) have received a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.94.
EQX has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Equinox Gold Cp from a “hold” rating to a “strong-buy” rating and set a $9.75 target price for the company in a research note on Wednesday, April 29th. Stifel Nicolaus initiated coverage on shares of Equinox Gold Cp in a research note on Friday, April 17th. They set a “buy” rating and a $19.00 price objective for the company. Finally, TheStreet upgraded shares of Equinox Gold Cp from a “d+” rating to a “c” rating in a research note on Friday, May 15th.
Several institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its holdings in Equinox Gold Cp by 791.0% in the first quarter. Van ECK Associates Corp now owns 12,119,470 shares of the company’s stock valued at $80,930,000 after buying an additional 10,759,270 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in Equinox Gold Cp in the first quarter valued at $23,855,000. Ruffer LLP purchased a new position in Equinox Gold Cp in the first quarter valued at $23,178,000. Hillsdale Investment Management Inc. increased its holdings in Equinox Gold Cp by 208.9% in the first quarter. Hillsdale Investment Management Inc. now owns 2,578,245 shares of the company’s stock valued at $17,230,000 after buying an additional 1,743,545 shares in the last quarter. Finally, FMR LLC purchased a new position in Equinox Gold Cp in the fourth quarter valued at $7,693,000.
Equinox Gold Cp (NASDAQ:EQX) last announced its earnings results on Monday, March 2nd. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). The business had revenue of $119.00 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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