Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) released its earnings results on Monday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. Equinox Gold had a net margin of 26.30% and a return on equity of 10.91%.
Equinox Gold Price Performance
Shares of Equinox Gold stock traded up $0.57 on Monday, hitting $12.09. The company’s stock had a trading volume of 10,829,853 shares, compared to its average volume of 11,932,353. Equinox Gold has a 52-week low of $8.48 and a 52-week high of $18.96. The company has a market capitalization of $14.13 billion, a P/E ratio of 12.09 and a beta of 1.33. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $11.45 and a 200-day moving average price of $12.67.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research note on Friday, October 16th. Zacks Research cut Equinox Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research report on Thursday, September 17th. Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Equinox Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Equinox Gold presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.
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Equinox Gold Company Profile
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