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

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

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at C$9.53 on Tuesday. 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 stock has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 11.77 and a beta of 1.16. Equinox Gold has a 1-year low of C$5.36 and a 1-year high of C$9.80. The firm’s 50-day moving average price is C$8.12 and its two-hundred day moving average price is C$7.86.

Equinox Gold (TSE:EQX) last announced its 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 return on equity of 8.79% and a net margin of 22.60%. During the same quarter last year, the business earned $0.12 EPS. On average, equities analysts predict that Equinox Gold will post 1.3865979 earnings per share for the current fiscal 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.