Equinox Gold (NYSEAMERICAN:EQX) Coverage Initiated by Analysts at TD Cowen

Equities research analysts at TD Cowen initiated coverage on shares of Equinox Gold (NYSEAMERICAN:EQX) in a research report issued on Tuesday, Marketbeat.com reports. The brokerage set a “hold” rating and a $35.00 price target on the stock. TD Cowen’s target price indicates a potential upside of 425.53% from the company’s current price.

Equinox Gold Stock Up 0.8 %

EQX stock opened at $6.66 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.03 billion, a PE ratio of 13.59 and a beta of 1.33. Equinox Gold has a fifty-two week low of $3.95 and a fifty-two week high of $6.86.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (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 business had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. The company’s revenue was up 50.5% compared to the same quarter last year. On average, equities analysts predict that Equinox Gold will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinox Gold

Several large investors have recently made changes to their positions in the stock. Hobbs Group Advisors LLC acquired a new position in Equinox Gold in the 3rd quarter valued at $43,000. Joel Isaacson & Co. LLC acquired a new position in shares of Equinox Gold in the third quarter valued at about $61,000. Veracity Capital LLC acquired a new position in shares of Equinox Gold in the third quarter valued at about $61,000. Synovus Financial Corp acquired a new stake in Equinox Gold in the 3rd quarter worth about $61,000. Finally, Choreo LLC bought a new stake in Equinox Gold in the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

About Equinox Gold

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.