TD Has Lowered Expectations for Equinox Gold (TSE:EQX) Stock Price

Equinox Gold (TSE:EQX) had its price target cut by equities research analysts at TD from C$23.00 to C$20.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 43.88% from the stock’s previous close.

Equinox Gold Stock Up 0.7%

Shares of TSE EQX traded up C$0.09 during midday trading on Monday, hitting C$13.90. The stock had a trading volume of 1,623,627 shares, compared to its average volume of 3,660,009. The business’s 50 day moving average is C$17.30 and its 200-day moving average is C$19.49. Equinox Gold has a 52 week low of C$7.71 and a 52 week high of C$25.87. The company has a quick ratio of 1.31, a current ratio of 1.24 and a debt-to-equity ratio of 10.04. The company has a market cap of C$10.97 billion, a P/E ratio of 15.44 and a beta of 2.96.

Equinox Gold (TSE:EQX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.39 earnings per share for the quarter. The company had revenue of C$1.20 billion during the quarter. Equinox Gold had a net margin of 21.78% and a return on equity of 10.88%. As a group, analysts predict that Equinox Gold will post 1.3865979 EPS for the current year.

Insider Buying and Selling at Equinox Gold

In related news, Director Lenard Boggio purchased 1,922 shares of Equinox Gold stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of C$18.58 per share, for a total transaction of C$35,710.76. Following the completion of the purchase, the director directly owned 76,069 shares of the company’s stock, valued at C$1,413,362.02. The trade was a 2.59% increase in their position. Also, insider Ryan King acquired 3,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of C$16.96 per share, with a total value of C$50,880.00. Following the completion of the acquisition, the insider directly owned 324,062 shares of the company’s stock, valued at C$5,496,091.52. The trade was a 0.93% increase in their ownership of the stock. In the last 90 days, insiders have purchased 11,922 shares of company stock worth $187,391. Company insiders own 6.40% of the company’s stock.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian-based gold mining company engaged in the exploration, development and production of gold assets across the Americas. The company focuses on operating and advancing assets that can deliver sustainable gold production through modern mining methods and responsible environmental practices.

Equinox Gold’s operating portfolio includes the Los Filos mine in Mexico, the Mesquite and Castle Mountain mines in California, and the Aurizona mine in Brazil. These assets employ a combination of heap?leach and carbon?in?leach processing techniques to produce gold doré, while ongoing exploration programs seek to expand mineral reserves and extend mine life at each site.

Since its formation, Equinox Gold has grown through strategic acquisitions and organic project development, building a pipeline of development?stage and advanced exploration properties across North and South America.