Equinox Gold (TSE:EQX) Raised to “Outperform Overweight” at National Bank Financial

National Bank Financial upgraded shares of Equinox Gold (TSE:EQX) from a sector perform spec overwgt rating to an outperform overweight rating in a research report released on Friday morning, Zacks.com reports.

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

Equinox Gold Stock Performance

TSE EQX opened at C$7.75 on Friday. The stock has a market cap 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. The firm has a 50-day moving average of C$7.21 and a 200-day moving average of C$6.67. Equinox Gold has a 52-week low of C$5.36 and a 52-week high of C$8.79.

Equinox Gold (TSE:EQX) last released its quarterly 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 for the quarter. On average, sell-side analysts anticipate 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.