Equinox Gold (EQX) Price Target Raised to C$1.60
Equinox Gold (CVE:EQX) had its price objective boosted by CIBC from C$1.50 to C$1.60 in a report released on Monday, BayStreet.CA reports.
Several other equities research analysts have also recently weighed in on EQX. Raymond James set a C$2.00 price objective on shares of Equinox Gold and gave the stock an outperform rating in a research report on Thursday, January 10th. National Bank Financial cut their price objective on shares of Equinox Gold from C$2.00 to C$1.90 and set an outperform rating for the company in a research report on Monday, January 14th. Finally, BMO Capital Markets cut their price objective on shares of 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.
EQX opened at C$1.27 on Monday. Equinox Gold has a twelve month low of C$0.85 and a twelve month high of C$1.37. The company has a debt-to-equity ratio of 52.06, a current ratio of 1.28 and a quick ratio of 0.78. The stock has a market cap of $696.71 million and a P/E ratio of -11.76.
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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