Equinox Gold (TSE:EQX) Rating Increased to Hold at TD Securities

Equinox Gold (TSE:EQX) was upgraded by research analysts at TD Securities to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Equinox Gold Price Performance

EQX stock opened at C$9.53 on Tuesday. The stock has a 50-day moving average price of C$8.12 and a two-hundred day moving average price of C$7.86. Equinox Gold has a 12-month low of C$5.36 and a 12-month high of C$9.80. The company has a current ratio of 1.10, a quick ratio of 1.31 and a debt-to-equity ratio of 51.77. The company has a market cap of C$4.32 billion, a PE ratio of 11.77 and a beta of 1.16.

Equinox Gold (TSE:EQX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Equinox Gold had a return on equity of 8.79% and a net margin of 22.60%. During the same period last year, the firm posted $0.12 EPS. As a group, research analysts predict that Equinox Gold will post 1.3865979 EPS for the current year.

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.