Free Trial

TD Cowen Begins Coverage on Equinox Gold (NYSEAMERICAN:EQX)

Equinox Gold logo with Basic Materials background

Investment analysts at TD Cowen began coverage on shares of Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) in a report issued on Tuesday, MarketBeat reports. The firm set a "hold" rating and a $35.00 price target on the stock. TD Cowen's price target would indicate a potential upside of 427.90% from the company's previous close.

Equinox Gold Trading Down 0.9 %

NYSEAMERICAN:EQX traded down $0.06 during midday trading on Tuesday, reaching $6.63. 8,064,454 shares of the stock traded hands, compared to its average volume of 7,723,106. The firm has a market capitalization of $3.02 billion, a P/E ratio of 13.53 and a beta of 1.33. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.86.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $428.40 million during the quarter, compared to analysts' expectations of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business's revenue was up 50.5% compared to the same quarter last year. On average, research analysts predict that Equinox Gold will post 0.36 earnings per share for the current year.

Institutional Trading of Equinox Gold

Several institutional investors and hedge funds have recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new position in shares of Equinox Gold during the third quarter worth $43,000. Joel Isaacson & Co. LLC purchased a new stake in Equinox Gold in the 3rd quarter worth $61,000. Synovus Financial Corp bought a new position in shares of Equinox Gold during the 3rd quarter valued at about $61,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Equinox Gold during the fourth quarter valued at about $50,000. Finally, Veracity Capital LLC bought a new stake in shares of Equinox Gold in the third quarter worth about $61,000. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Company Profile

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Equinox Gold Right Now?

Before you consider Equinox Gold, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equinox Gold wasn't on the list.

While Equinox Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines