Equinox Gold (NYSEAMERICAN:EQX) Upgraded to “Hold” at TD Securities

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

Separately, TD Cowen began coverage on shares of Equinox Gold in a report on Tuesday. They issued a “hold” rating and a $35.00 price target for the company.

Equinox Gold Stock Up 0.8 %

Shares of NYSEAMERICAN EQX opened at $6.66 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 13.59 and a beta of 1.33. Equinox Gold has a 1-year low of $3.95 and a 1-year high of $6.86.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. The company’s revenue was up 50.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Equinox Gold will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

Several hedge funds have recently bought and sold shares of EQX. Hobbs Group Advisors LLC acquired a new stake in shares of Equinox Gold in the third quarter worth $43,000. Joel Isaacson & Co. LLC acquired a new position in Equinox Gold during the 3rd quarter worth $61,000. Synovus Financial Corp bought a new stake in Equinox Gold during the third quarter valued at about $61,000. Veracity Capital LLC acquired a new stake in shares of Equinox Gold in the third quarter valued at about $61,000. Finally, Choreo LLC bought a new position in shares of Equinox Gold in the fourth quarter worth about $63,000. 38.85% of the stock is owned by institutional investors and hedge funds.

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.