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.
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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