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

TD Securities upgraded shares of Equinox Gold (TSE:EQX) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Equinox Gold Price Performance

TSE EQX opened at C$9.57 on Tuesday. Equinox Gold has a 1 year low of C$5.36 and a 1 year high of C$9.80. The stock’s 50-day moving average price is C$8.15 and its two-hundred day moving average price is C$7.88. The company has a market cap of C$4.34 billion, a PE ratio of 11.81 and a beta of 1.16. The company has a current ratio of 1.10, a quick ratio of 1.31 and a debt-to-equity ratio of 51.77.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Equinox Gold had a net margin of 22.60% and a return on equity of 8.79%. During the same quarter last year, the business posted $0.12 EPS. On average, 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.