Equinox Gold Cp (NASDAQ:EQX) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Equinox Gold Cp (NASDAQ:EQX) from a sell rating to a hold rating in a research note released on Monday, Zacks.com reports. They currently have $9.25 price target on the stock.

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 a number of other research reports. National Bank Financial set a $10.00 price target on Equinox Gold Cp and gave the stock a buy rating in a research report on Monday, October 21st. CIBC cut Equinox Gold Cp from an outperform rating to a neutral rating in a research report on Tuesday, December 17th.

EQX traded up $0.29 on Monday, reaching $8.93. 19,688 shares of the stock were exchanged, compared to its average volume of 321,723. The firm’s 50-day moving average is $8.08. Equinox Gold Cp has a fifty-two week low of $3.65 and a fifty-two week high of $8.95.

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC purchased a new stake in Equinox Gold Cp during the 3rd quarter worth approximately $58,000. Corrado Advisors LLC purchased a new stake in Equinox Gold Cp during the 4th quarter worth approximately $147,000. SG Americas Securities LLC purchased a new stake in Equinox Gold Cp during the 4th quarter worth approximately $461,000. Marshall Wace North America L.P. purchased a new stake in Equinox Gold Cp during the 4th quarter worth approximately $220,000. Finally, Amundi Pioneer Asset Management Inc. increased its stake in Equinox Gold Cp by 100.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 100,000 shares of the company’s stock worth $770,000 after buying an additional 50,000 shares in the last quarter.

Equinox Gold Cp Company Profile

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.

See Also: Inverted Yield Curve

Get a free copy of the Zacks research report on Equinox Gold Cp (EQX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Equinox Gold Cp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinox Gold Cp and related companies with MarketBeat.com's FREE daily email newsletter.