Equinox Gold (TSE:EQX) Upgraded to Outperform Overweight at National Bank Financial

Equinox Gold (TSE:EQX) was upgraded by research analysts at National Bank Financial from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a report released on Friday, Zacks.com reports.

Separately, Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Equinox Gold Trading Up 2.5 %

EQX opened at C$7.75 on Friday. The stock has a market capitalization of C$2.51 billion, a PE ratio of 64.58 and a beta of 0.93. The company has a debt-to-equity ratio of 41.06, a quick ratio of 1.31 and a current ratio of 1.74. Equinox Gold has a one year low of C$5.36 and a one year high of C$8.79. The business’s 50 day moving average price is C$7.21 and its 200 day moving average price is C$6.67.

Equinox Gold (TSE:EQX) last posted 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. Equinox Gold had a net margin of 2.65% and a return on equity of 1.21%. The firm had revenue of C$405.46 million during the quarter. As a group, equities research analysts expect that Equinox Gold will post 0.1995734 EPS for the current 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.