Equinox Gold (CVE:EQX) Price Target Increased to C$1.60 by Analysts at National Bank Financial

Equinox Gold (CVE:EQX) had its price target boosted by analysts at National Bank Financial from C$1.50 to C$1.60 in a research report issued on Thursday, April 18th, BayStreet.CA reports. National Bank Financial’s target price would suggest a potential upside of 50.94% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on EQX. CIBC boosted their price objective on Equinox Gold from C$1.50 to C$1.60 in a research note on Monday, April 8th. Raymond James set a C$2.00 price objective on Equinox Gold and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. Finally, BMO Capital Markets dropped their target price on Equinox Gold from C$2.20 to C$2.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th.

Shares of EQX stock traded down C$0.01 during trading hours on Thursday, hitting C$1.06. The stock had a trading volume of 294,800 shares, compared to its average volume of 504,682. Equinox Gold has a one year low of C$0.85 and a one year high of C$1.37. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 52.06. The stock has a market capitalization of $586.12 million and a price-to-earnings ratio of -10.29.

Equinox Gold Company Profile

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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