Equinox Gold (TSE:EQX) Cut to Hold at 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.

Several other analysts have also recently issued reports on the company. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a report on Friday, November 7th. CIBC lifted their target price on Equinox Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Stifel Canada raised Equinox Gold to a “strong-buy” rating in a research report on Monday, December 1st. Royal Bank Of Canada raised their price target on Equinox Gold from C$19.00 to C$25.00 in a research report on Wednesday, December 10th. Finally, National Bankshares boosted their price objective on shares of Equinox Gold from C$23.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$23.07.

Equinox Gold Stock Up 0.4%

Shares of Equinox Gold stock opened at C$19.19 on Monday. The company has a 50-day simple moving average of C$17.45 and a two-hundred day simple moving average of C$13.10. The stock has a market capitalization of C$15.06 billion, a PE ratio of 191.90 and a beta of 2.58. Equinox Gold has a 52-week low of C$7.13 and a 52-week high of C$20.78. 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 (TSE:EQX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.19 earnings per share for the quarter. Equinox Gold had a net margin of 19.82% and a return on equity of 8.67%. The company had revenue of C$1.14 billion during the quarter. On average, analysts anticipate that Equinox Gold will post 1.3865979 EPS for the current fiscal year.

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.