Equinox Gold (TSE:EQX) Downgraded by Cibc Captl Mkts to Hold

Cibc Captl Mkts lowered shares of Equinox Gold (TSE:EQX) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Several other analysts also recently commented on EQX. Stifel Nicolaus lifted their target price on shares of Equinox Gold from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Monday, January 26th. National Bankshares cut their price objective on shares of Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. TD Securities upped their target price on Equinox Gold from C$21.00 to C$26.00 in a research report on Thursday, January 22nd. BMO Capital Markets increased their target price on Equinox Gold from C$18.00 to C$20.00 in a research note on Thursday, November 6th. Finally, Cormark dropped their price target on Equinox Gold from C$22.50 to C$21.00 in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.21.

Equinox Gold Stock Performance

EQX traded up C$1.12 during trading hours on Thursday, reaching C$19.95. The company’s stock had a trading volume of 4,772,434 shares, compared to its average volume of 3,034,222. The company’s 50-day moving average is C$20.10 and its 200-day moving average is C$16.00. Equinox Gold has a 52 week low of C$7.71 and a 52 week high of C$23.49. The firm has a market cap of C$15.66 billion, a PE ratio of 199.50 and a beta of 2.32. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85.

Equinox Gold (TSE:EQX) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$1.14 billion during the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. On average, equities analysts forecast that Equinox Gold will post 1.3865979 EPS for the current year.

About Equinox Gold

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap‐leach and carbon‐in‐leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development‐stage and advanced exploration properties across North and South America.