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

Equinox Gold (TSE:EQX) was downgraded by equities researchers at Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the company. Royal Bank Of Canada upped their target price on Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Cormark dropped their price target on Equinox Gold from C$22.50 to C$21.00 in a research note on Tuesday, December 16th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Friday, November 7th. National Bankshares reduced their price objective on shares of Equinox Gold from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Finally, BMO Capital Markets boosted their target price on shares of Equinox Gold from C$18.00 to C$20.00 in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.21.

Equinox Gold Stock Performance

Equinox Gold stock traded up C$1.12 during midday trading on Thursday, hitting 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 has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The company has a market cap of C$15.66 billion, a price-to-earnings ratio of 199.50 and a beta of 2.32. Equinox Gold has a 1-year low of C$7.71 and a 1-year high of C$23.49. The company has a 50-day moving average price of C$20.10 and a two-hundred day moving average price of C$16.00.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. The company had revenue of C$1.14 billion for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. As a group, sell-side analysts predict that Equinox Gold will post 1.3865979 earnings per share 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.