National Bank Financial upgraded shares of Equinox Gold (CVE:EQX) from a sector perform rating to an outperform rating in a research note released on Monday, BayStreet.CA reports. National Bank Financial also issued estimates for Equinox Gold’s FY2019 earnings at $0.11 EPS.
A number of other research analysts have also recently weighed in on EQX. TD Securities upgraded shares of Equinox Gold from a speculative buy rating to a buy rating in a research report on Wednesday, August 21st. Raymond James boosted their price objective on shares of Equinox Gold from C$2.00 to C$2.25 and gave the company an outperform rating in a research report on Monday, August 12th. Finally, CIBC boosted their price objective on shares of Equinox Gold from C$1.60 to C$1.85 in a research report on Monday, July 15th.
EQX stock opened at C$7.51 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.40 and a debt-to-equity ratio of 63.40. Equinox Gold has a twelve month low of C$4.25 and a twelve month high of C$8.90. The stock has a market capitalization of $829.03 million and a price-to-earnings ratio of -23.54. The firm’s fifty day simple moving average is C$7.78 and its two-hundred day simple moving average is C$2.87.
About Equinox Gold
Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in Maranhão State, Brazil; and the Castle Mountain property situated in California, the United States.
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