Equinox Gold (NYSEAMERICAN:EQX) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of Equinox Gold (NYSEAMERICAN:EQX - Free Report) from a hold rating to a buy rating in a research note released on Wednesday morning, Marketbeat.com reports.

EQX has been the subject of several other research reports. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a report on Friday, June 13th. CIBC reiterated a "neutral" rating on shares of Equinox Gold in a report on Tuesday. BMO Capital Markets began coverage on Equinox Gold in a report on Wednesday, June 18th. They set an "outperform" rating on the stock. Finally, National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $35.00.

Equinox Gold Stock Performance

Shares of Equinox Gold stock traded up $0.07 on Wednesday, hitting $6.27. 11,039,220 shares of the company's stock were exchanged, compared to its average volume of 8,171,168. Equinox Gold has a 1 year low of $4.48 and a 1 year high of $7.45. The company has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85. The stock has a market capitalization of $4.74 billion, a PE ratio of 12.55 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). The firm had revenue of $423.72 million for the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. Equinox Gold's revenue was up 75.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) EPS. As a group, equities analysts anticipate that Equinox Gold will post 0.85 EPS for the current year.

Institutional Trading of Equinox Gold

Institutional investors have recently made changes to their positions in the business. Tobam purchased a new stake in shares of Equinox Gold during the first quarter valued at $29,000. Parvin Asset Management LLC acquired a new stake in Equinox Gold during the 4th quarter worth about $38,000. ORG Partners LLC grew its stake in Equinox Gold by 191.2% during the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company's stock valued at $43,000 after purchasing an additional 4,970 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Equinox Gold in the fourth quarter valued at about $47,000. Finally, Continuum Advisory LLC raised its stake in shares of Equinox Gold by 53.3% in the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock worth $52,000 after purchasing an additional 2,620 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Company Profile

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.