Equinox Gold (TSE:EQX) Lifted 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 report released on Friday morning, Zacks.com reports.

Separately, Desjardins upgraded shares of Equinox Gold from a hold rating to a buy rating in a research note on Tuesday, January 30th.

Equinox Gold Price Performance

TSE:EQX opened at C$7.75 on Friday. The stock’s 50-day simple moving average is C$7.21 and its 200 day simple moving average is C$6.67. Equinox Gold has a 52-week low of C$5.36 and a 52-week high of C$8.79. 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 company has a market cap of C$2.51 billion, a P/E ratio of 64.58 and a beta of 0.93.

Equinox Gold (TSE:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.05. The company had revenue of C$405.46 million for the quarter. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%. As a group, sell-side analysts forecast that Equinox Gold will post 0.1995734 EPS for the current fiscal year.

About Equinox Gold

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.