Equinox Gold (TSE:EQX) Upgraded at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Equinox Gold (TSE:EQX) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

EQX has been the topic of a number of other reports. National Bankshares lowered their price objective on Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. TD Securities upped their price target on shares of Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their price objective on shares of Equinox Gold from C$19.00 to C$25.00 in a research note on Wednesday, December 10th. Finally, Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$24.21.

Equinox Gold Trading Down 9.9%

Shares of EQX stock opened at C$18.83 on Tuesday. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The company has a market cap of C$14.78 billion, a price-to-earnings ratio of 188.30 and a beta of 2.32. Equinox Gold has a 1 year low of C$7.71 and a 1 year high of C$23.49. The firm has a fifty day moving average price of C$20.10 and a 200-day moving average price of C$16.00.

Equinox Gold (TSE:EQX) last released its earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share for the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%.The company had revenue of C$1.14 billion for the quarter. As a group, equities analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current year.

About Equinox Gold

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap‐leach and carbon‐in‐leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development‐stage and advanced exploration properties across North and South America.