Equinox Gold (TSE:EQX) Stock Rating Upgraded by Royal Bank Of Canada

Key Points

• Equinox Gold has been upgraded by the Royal Bank of Canada from a "hold" rating to a "moderate buy" rating, indicating increased confidence in the stock's performance.
• TD Securities and Cormark have also raised their ratings on Equinox Gold, with TD upgrading it to a "strong-buy," reflecting a strong positive trend in analyst sentiment.
• The company operates with a market capitalization of C$11.66 billion and aims to achieve over one million ounces of annual gold production, showcasing its growth potential in the market.

Equinox Gold (TSE:EQX - Get Free Report) was upgraded by equities researchers at Royal Bank Of Canada from a "hold" rating to a "moderate buy" rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages have also commented on EQX. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 16th. Cormark upgraded shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Equinox Gold currently has an average rating of "Strong Buy".

Equinox Gold Price Performance

Shares of TSE EQX opened at C$14.91 on Wednesday. The firm has a market capitalization of C$11.66 billion, a P/E ratio of -114.69 and a beta of 1.79. Equinox Gold has a one year low of C$6.93 and a one year high of C$15.02. The company's fifty day moving average is C$9.94 and its two-hundred day moving average is C$9.41. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85.

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.

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