Equinox Gold (NYSEAMERICAN:EQX) Lifted to Outperform Overweight at National Bank Financial

National Bank Financial upgraded shares of Equinox Gold (NYSEAMERICAN:EQX) from a sector perform spec overwgt rating to an outperform overweight rating in a research note issued to investors 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 Trading Up 2.7 %

Shares of NYSEAMERICAN EQX opened at $5.68 on Friday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 63.11 and a beta of 1.31. Equinox Gold has a twelve month low of $3.95 and a twelve month high of $6.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The company had revenue of $297.80 million for the quarter. On average, equities research analysts forecast that Equinox Gold will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinox Gold

Several institutional investors and hedge funds have recently made changes to their positions in EQX. Private Advisor Group LLC lifted its stake in Equinox Gold by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 214,468 shares of the company’s stock valued at $907,000 after buying an additional 3,700 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Equinox Gold by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock valued at $404,000 after acquiring an additional 6,021 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Equinox Gold by 63.0% during the first quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock valued at $106,000 after acquiring an additional 6,755 shares during the last quarter. CIBC Asset Management Inc increased its position in Equinox Gold by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 340,707 shares of the company’s stock worth $1,661,000 after purchasing an additional 7,914 shares in the last quarter. Finally, Terril Brothers Inc. raised its stake in Equinox Gold by 66.7% in the 4th quarter. Terril Brothers Inc. now owns 20,000 shares of the company’s stock valued at $98,000 after purchasing an additional 8,000 shares during the last quarter. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

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.