Zacks Investment Research downgraded shares of Equinox Gold Cp (NASDAQ:EQX) from a hold rating to a sell rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “Equinox Gold Corp. engages in the acquisition, exploration and development of mineral deposits. It primarily explores for gold, copper and silver deposits. The company’s principal properties include the Aurizona gold mine in Maranhão State Brazil and the Mesquite gold mine, in California, the United States. Equinox Gold Corp. is headquartered in Vancouver, Canada. “

EQX has been the subject of several other reports. Raymond James set a $13.00 price objective on shares of Equinox Gold Cp and gave the stock a buy rating in a research note on Tuesday, October 8th. National Bank Financial set a $10.00 target price on shares of Equinox Gold Cp and gave the company a buy rating in a research note on Monday, October 21st. Finally, CIBC lowered shares of Equinox Gold Cp from an outperform rating to a neutral rating in a research note on Tuesday, December 17th.

NASDAQ EQX traded down $0.40 on Wednesday, reaching $8.42. 18,657 shares of the stock were exchanged, compared to its average volume of 378,050. Equinox Gold Cp has a one year low of $3.65 and a one year high of $8.84. The firm’s 50-day moving average price is $6.92.

Equinox Gold Cp (NASDAQ:EQX) last released its earnings results on Wednesday, October 30th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $91.90 million for the quarter.

A hedge fund recently bought a new stake in Equinox Gold Cp stock. Commonwealth Equity Services LLC acquired a new stake in Equinox Gold Cp (NASDAQ:EQX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,975 shares of the company’s stock, valued at approximately $58,000.

About Equinox Gold Cp

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona gold mine covering a total land package of approximately 2,000 square kilometers located in Maranhão State, Brazil; and the Mesquite gold mine covering a total area of 1,890 hectares and Castle Mountain property situated in California, the United States.

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