Equinox Gold (NYSEAMERICAN:EQX) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Equinox Gold (NYSEAMERICAN:EQX) posted its quarterly earnings data on Monday. The company reported $0.19 EPS for the quarter, beating 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

NYSEAMERICAN:EQX traded up $0.57 during trading hours on Monday, reaching $12.09. 10,815,499 shares of the company’s stock were exchanged, compared to its average volume of 11,932,345. The company has a market capitalization of $14.13 billion, a P/E ratio of 12.09 and a beta of 1.33. Equinox Gold has a 12 month low of $8.48 and a 12 month high of $18.96. 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 business’s 50-day simple moving average is $11.45 and its two-hundred day simple moving average is $12.67.

Analyst Ratings Changes

EQX has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on Equinox Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research note on Friday, October 16th. TD Securities reissued a “buy” rating on shares of Equinox Gold in a research note on Thursday, September 17th. Zacks Research lowered Equinox Gold from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 21st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Equinox Gold Company Profile