National Bank Financial Boosts Equinox Gold (CVE:EQX) Price Target to C$1.80

Equinox Gold (CVE:EQX) had its price objective hoisted by analysts at National Bank Financial from C$1.60 to C$1.80 in a report issued on Friday, June 28th, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 40.63% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. BMO Capital Markets initiated coverage on shares of Gilead Sciences in a research note on Thursday, March 14th. They set an “outperform” rating and a $78.00 price objective for the company. CIBC reaffirmed a “hold” rating and set a $12.00 price objective on shares of Pretium Resources in a research note on Monday, April 8th.

CVE EQX traded down C$0.01 during trading on Friday, hitting C$1.28. 1,429,100 shares of the company’s stock traded hands, compared to its average volume of 749,528. The firm has a market cap of $722.03 million and a price-to-earnings ratio of -12.43. The business’s fifty day moving average price is C$1.23. The company has a debt-to-equity ratio of 54.31, a quick ratio of 0.44 and a current ratio of 0.95. Equinox Gold has a 12-month low of C$0.85 and a 12-month high of C$1.45.

Equinox Gold (CVE:EQX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C($0.01) EPS for the quarter, beating the consensus estimate of C($0.03) by C$0.02. The firm had revenue of C$47.05 million for the quarter. On average, sell-side analysts anticipate that Equinox Gold will post 0.02 earnings per share 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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