Equinox Gold (NYSEAMERICAN:EQX) Upgraded at Cibc World Mkts

Cibc World Mkts upgraded shares of Equinox Gold (NYSEAMERICAN:EQXFree Report) from a hold rating to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on EQX. Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research report on Friday, September 5th. BMO Capital Markets began coverage on Equinox Gold in a research report on Wednesday, June 18th. They set an “outperform” rating for the company. Finally, CIBC reiterated a “neutral” rating on shares of Equinox Gold in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Equinox Gold has an average rating of “Moderate Buy” and an average price target of $26.00.

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Equinox Gold Trading Up 1.5%

Shares of NYSEAMERICAN:EQX opened at $11.65 on Thursday. Equinox Gold has a 52-week low of $4.95 and a 52-week high of $12.22. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of -194.13 and a beta of 1.14. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $9.33 and a 200-day moving average price of $7.43.

Equinox Gold (NYSEAMERICAN:EQXGet Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.The firm had revenue of $478.64 million during the quarter, compared to analysts’ expectations of $470.00 million. During the same period last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 77.7% compared to the same quarter last year. Equities analysts predict that Equinox Gold will post 0.85 EPS for the current year.

Institutional Trading of Equinox Gold

Several institutional investors have recently bought and sold shares of EQX. Tobam acquired a new stake in Equinox Gold in the first quarter valued at approximately $29,000. Grimes & Company Inc. acquired a new stake in Equinox Gold in the first quarter valued at approximately $147,000. Builder Investment Group Inc. ADV grew its holdings in Equinox Gold by 2.3% in the first quarter. Builder Investment Group Inc. ADV now owns 1,063,984 shares of the company’s stock valued at $7,320,000 after purchasing an additional 23,500 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Equinox Gold by 2.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock valued at $592,000 after purchasing an additional 1,990 shares during the period. Finally, Continuum Advisory LLC grew its holdings in Equinox Gold by 53.3% in the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock valued at $52,000 after purchasing an additional 2,620 shares during the period. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Company Profile

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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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Analyst Recommendations for Equinox Gold (NYSEAMERICAN:EQX)

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