Equinox Gold (CVE:EQX) Upgraded at National Bank Financial

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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.

Equinox Gold (CVE:EQX) last posted its quarterly earnings data on Thursday, August 1st. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$47.35 million for the quarter. As a group, equities research analysts expect that Equinox Gold will post 0.33 EPS for the current year.

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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