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

Equinox Gold (NYSEAMERICAN:EQX) announced its earnings results on Monday. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.

Equinox Gold Stock Up 4.9%

Equinox Gold stock traded up $0.57 during mid-day trading on Monday, hitting $12.09. The company’s stock had a trading volume of 10,815,499 shares, compared to its average volume of 11,932,345. Equinox Gold has a 52-week low of $8.48 and a 52-week high of $18.96. The company has a market cap of $14.13 billion, a PE ratio of 12.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The firm’s 50 day moving average is $11.45 and its 200 day moving average is $12.67.

Analyst Ratings Changes

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

Equinox Gold Company Profile