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

Equinox Gold (TSE:EQX) was upgraded by analysts at TD Securities to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Equinox Gold Stock Performance

EQX stock opened at C$9.53 on Tuesday. The company has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 11.77 and a beta of 1.16. The firm has a 50 day moving average of C$8.12 and a two-hundred day moving average of C$7.86. The company has a quick ratio of 1.31, a current ratio of 1.10 and a debt-to-equity ratio of 51.77. Equinox Gold has a 12 month low of C$5.36 and a 12 month high of C$9.80.

Equinox Gold (TSE:EQX) last posted its earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). Equinox Gold had a return on equity of 8.79% and a net margin of 22.60%. During the same quarter last year, the company earned $0.12 EPS. As a group, equities analysts anticipate that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

About Equinox Gold

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.