Equinox Gold (TSE:EQX) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Equinox Gold (TSE:EQX - Free Report) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Separately, National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Equinox Gold Trading Down 0.1%

Equinox Gold stock traded down C$0.01 during trading on Wednesday, hitting C$8.59. The company's stock had a trading volume of 1,170,146 shares, compared to its average volume of 1,765,388. The stock has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 9.11 and a beta of 1.16. The stock's fifty day moving average is C$8.66 and its 200 day moving average is C$9.00. Equinox Gold has a 1-year low of C$6.18 and a 1-year high of C$10.35. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85.

About Equinox Gold

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.