Equinox Gold (TSE:EQX) Stock Rating Upgraded by Cibc World Mkts

Equinox Gold (TSE:EQX) was upgraded by Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on EQX. Royal Bank Of Canada raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. Finally, TD Securities raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Equinox Gold Stock Performance

TSE EQX opened at C$16.29 on Thursday. The stock has a market capitalization of C$12.74 billion, a PE ratio of -125.31 and a beta of 2.18. The business has a 50 day simple moving average of C$12.91 and a two-hundred day simple moving average of C$10.27. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. Equinox Gold has a 1-year low of C$6.93 and a 1-year high of C$17.03.

Insider Activity

In related news, Director Blayne Barry Johnson sold 105,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$14.91, for a total transaction of C$1,565,550.00. Following the completion of the sale, the director directly owned 1,706,616 shares of the company’s stock, valued at approximately C$25,445,644.56. This trade represents a 5.80% decrease in their position. Corporate insiders own 6.40% of the company’s stock.

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.