National Bank Financial Reiterates Sector Perform Spec Overwgt Rating for Equinox Gold (NYSEAMERICAN:EQX)

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report)'s stock had its "sector perform spec overwgt" rating reiterated by analysts at National Bank Financial in a report released on Monday.

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

Equinox Gold Trading Down 2.1 %

NYSEAMERICAN EQX traded down $0.13 on Monday, hitting $5.97. The company's stock had a trading volume of 4,413,007 shares, compared to its average volume of 2,367,022. 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 1-year low of $3.95 and a 1-year high of $6.50. The stock has a market cap of $1.97 billion, a P/E ratio of 66.33 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) 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. As a group, equities analysts forecast that Equinox Gold will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Deutsche Bank AG bought a new position in shares of Equinox Gold during the fourth quarter valued at about $41,000. Evergreen Capital Management LLC bought a new position in shares of Equinox Gold during the fourth quarter valued at about $49,000. Everett Harris & Co. CA bought a new position in shares of Equinox Gold during the fourth quarter valued at about $52,000. First Trust Advisors LP raised its position in Equinox Gold by 38.1% in the third quarter. First Trust Advisors LP now owns 15,136 shares of the company's stock worth $55,000 after acquiring an additional 4,178 shares during the period. Finally, &PARTNERS bought a new stake in Equinox Gold in the first quarter worth about $60,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.