Equinox Gold (TSE:EQX) Raised to "Moderate Buy" at Cormark

Key Points

• Equinox Gold has been upgraded by Cormark from a "hold" rating to a "moderate buy" rating, reflecting positive investor sentiment.
• Shares of Equinox Gold recently opened at C$11.02 with a market capitalization of C$3.55 billion and a P/E ratio of 11.68.
• The company, a growth-focused gold producer in the Americas, aims to exceed one million ounces of annual gold production through its development projects.

Equinox Gold (TSE:EQX - Get Free Report) was upgraded by Cormark from a "hold" rating to a "moderate buy" rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 16th.

Equinox Gold Stock Up 2.0%

Shares of TSE EQX opened at C$11.02 on Friday. The company has a market capitalization of C$3.55 billion, a P/E ratio of 11.68 and a beta of 1.16. Equinox Gold has a 52-week low of C$6.93 and a 52-week high of C$11.27. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The company's 50 day moving average price is C$8.65 and its 200-day moving average price is C$9.10.

Equinox Gold Company Profile

Equinox Gold is a growth-focused gold producer operating entirely in the Americas, with projects in Canada, the USA, Mexico and Brazil. Equinox Gold has seven operating mines and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.