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

Equinox Gold (NYSEAMERICAN:EQX) was upgraded by 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 shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN EQX opened at $5.68 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74. Equinox Gold has a 52-week low of $3.95 and a 52-week high of $6.50. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 63.11 and a beta of 1.31.

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

Institutional Trading of Equinox Gold

Hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its position in Equinox Gold by 58.6% in the 4th quarter. Mackenzie Financial Corp now owns 4,401,254 shares of the company’s stock valued at $21,401,000 after purchasing an additional 1,625,994 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Equinox Gold by 328.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 999,780 shares of the company’s stock valued at $4,888,000 after buying an additional 766,250 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Equinox Gold by 3,396.3% during the third quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock worth $5,904,000 after buying an additional 1,357,849 shares during the period. Van ECK Associates Corp grew its holdings in Equinox Gold by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock worth $131,296,000 after buying an additional 1,292,168 shares in the last quarter. Finally, CenterBook Partners LP increased its position in Equinox Gold by 26.6% in the 3rd quarter. CenterBook Partners LP now owns 1,855,635 shares of the company’s stock valued at $7,849,000 after acquiring an additional 389,521 shares during the period. Institutional investors own 38.85% of the company’s stock.

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.