Equinox Gold (TSE:EQX) Trading Down 7.7%

Equinox Gold Corp. (TSE:EQX)’s share price was down 7.7% during mid-day trading on Wednesday . The stock traded as low as C$7.15 and last traded at C$7.22. Approximately 823,743 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 528,745 shares. The stock had previously closed at C$7.82.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQX. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th.

Equinox Gold Stock Down 0.7 %

The firm has a market capitalization of C$2.32 billion, a PE ratio of 59.67 and a beta of 0.93. The firm’s 50 day moving average price is C$7.16 and its two-hundred day moving average price is C$6.63. The company has a quick ratio of 1.31, a current ratio of 1.74 and a debt-to-equity ratio of 41.06.

Equinox Gold (TSE:EQX) last announced its earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, beating the consensus estimate of C($0.04) by C$0.05. The business had revenue of C$405.46 million during the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 1.21%. As a group, research analysts forecast that Equinox Gold Corp. will post 0.1995734 EPS for the current fiscal year.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.