Equinox Gold (TSE:EQX) Lowered to “Hold” Rating by Cibc Captl Mkts

Cibc Captl Mkts downgraded shares of Equinox Gold (TSE:EQX) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

EQX has been the topic of a number of other research reports. Stifel Nicolaus set a C$24.00 price objective on shares of Equinox Gold and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada increased their price target on Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. National Bankshares boosted their price objective on Equinox Gold from C$23.00 to C$28.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Finally, TD Securities raised their target price on Equinox Gold from C$20.00 to C$22.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Equinox Gold presently has a consensus rating of “Buy” and a consensus price target of C$23.67.

Equinox Gold Stock Down 5.0%

Shares of EQX stock opened at C$19.22 on Monday. Equinox Gold has a fifty-two week low of C$7.13 and a fifty-two week high of C$20.78. The firm has a market capitalization of C$15.08 billion, a PE ratio of 192.20 and a beta of 2.58. 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 stock’s 50-day simple moving average is C$17.34 and its 200-day simple moving average is C$12.98.

Equinox Gold (TSE:EQX) last issued its earnings results on Wednesday, November 5th. The company reported C$0.19 EPS for the quarter. Equinox Gold had a return on equity of 8.67% and a net margin of 19.82%.The firm had revenue of C$1.14 billion for the quarter. Equities analysts expect that Equinox Gold will post 1.3865979 earnings per share for the current year.

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.