TD Securities Lowers Equinox Gold (NYSEAMERICAN:EQX) Price Target to C$12.50

Equinox Gold (NYSEAMERICAN:EQXGet Rating) had its price target cut by TD Securities from C$15.50 to C$12.50 in a report issued on Thursday, The Fly reports.

Several other research firms have also commented on EQX. TheStreet raised shares of Equinox Gold from a c+ rating to a b rating in a research note on Monday, April 4th. Zacks Investment Research raised shares of Equinox Gold from a sell rating to a hold rating and set a $8.00 price objective on the stock in a research note on Friday, April 29th. Scotiabank lowered shares of Equinox Gold from an outperform rating to a sector perform rating in a research note on Thursday. National Bank Financial upped their target price on shares of Equinox Gold from C$13.00 to C$14.00 in a research note on Wednesday, April 20th. Finally, Canaccord Genuity Group dropped their target price on shares of Equinox Gold from C$10.50 to C$10.00 and set a buy rating on the stock in a research note on Wednesday, January 26th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Buy and an average target price of $11.68.

Shares of NYSEAMERICAN EQX opened at $5.88 on Thursday. Equinox Gold has a 1 year low of $5.47 and a 1 year high of $9.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.39 and a current ratio of 2.89. The stock has a market cap of $1.78 billion, a P/E ratio of 31.26 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Equinox Gold had a net margin of 44.51% and a return on equity of 3.73%. The business had revenue of $381.20 million for the quarter. As a group, equities analysts predict that Equinox Gold will post 0.33 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Equinox Gold by 55.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,938 shares of the company’s stock valued at $34,000 after purchasing an additional 1,756 shares during the period. Confluence Investment Management LLC increased its holdings in Equinox Gold by 8.2% during the fourth quarter. Confluence Investment Management LLC now owns 35,079 shares of the company’s stock valued at $237,000 after buying an additional 2,655 shares during the last quarter. Deutsche Bank AG increased its holdings in Equinox Gold by 1.2% during the fourth quarter. Deutsche Bank AG now owns 237,579 shares of the company’s stock valued at $1,606,000 after buying an additional 2,910 shares during the last quarter. Credit Suisse AG increased its holdings in Equinox Gold by 1.5% during the third quarter. Credit Suisse AG now owns 211,063 shares of the company’s stock valued at $1,393,000 after buying an additional 3,071 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Equinox Gold by 3.5% during the fourth quarter. NewEdge Advisors LLC now owns 112,105 shares of the company’s stock valued at $758,000 after buying an additional 3,750 shares during the last quarter. Institutional investors own 35.13% of the company’s stock.

About Equinox Gold (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.

Read More

The Fly logo

Analyst Recommendations for Equinox Gold (NYSEAMERICAN:EQX)

Receive News & Ratings for Equinox Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinox Gold and related companies with MarketBeat.com's FREE daily email newsletter.