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

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

Equinox Gold Stock Up 2.5 %

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

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, topping analysts’ consensus estimates of C($0.04) by C$0.05. Equinox Gold had a return on equity of 1.21% and a net margin of 2.65%. The business had revenue of C$405.46 million for the quarter. Sell-side analysts anticipate that Equinox Gold will post 0.1995734 earnings per share for the current 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.