Equinox Gold (NYSEAMERICAN:EQX) Raised to "Hold" at TD Securities

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) was upgraded by analysts at TD Securities to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, TD Cowen started coverage on Equinox Gold in a report on Tuesday, February 4th. They set a "hold" rating and a $35.00 price target for the company.

Equinox Gold Stock Down 0.9 %

Equinox Gold stock traded down $0.06 during trading hours on Tuesday, hitting $6.63. The company had a trading volume of 8,064,454 shares, compared to its average volume of 7,634,192. The firm has a market cap of $3.02 billion, a PE ratio of 13.53 and a beta of 1.33. Equinox Gold has a fifty-two week low of $3.95 and a fifty-two week high of $6.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The firm's revenue was up 50.5% on a year-over-year basis. On average, research analysts predict that Equinox Gold will post 0.36 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EQX. Squarepoint Ops LLC bought a new stake in shares of Equinox Gold during the second quarter worth approximately $116,000. The Manufacturers Life Insurance Company raised its position in shares of Equinox Gold by 26.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 297,840 shares of the company's stock valued at $1,552,000 after acquiring an additional 61,774 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of Equinox Gold in the 3rd quarter valued at $188,000. Veracity Capital LLC bought a new position in shares of Equinox Gold in the 3rd quarter worth $61,000. Finally, Bayshore Asset Management LLC acquired a new stake in shares of Equinox Gold during the third quarter worth $365,000. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Company Profile

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.