Equinox Gold (CVE:EQX) Price Target Increased to C$1.85 by Analysts at CIBC

Equinox Gold (CVE:EQX) had its price objective hoisted by CIBC from C$1.60 to C$1.85 in a research report released on Monday morning, BayStreet.CA reports.

Separately, National Bank Financial cut shares of Detour Gold to a hold rating in a report on Friday, June 28th.

EQX stock opened at C$1.29 on Monday. 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 fifty-two week low of C$0.85 and a fifty-two week high of C$1.45. The business has a 50-day moving average price of C$1.22. The firm has a market cap of $693.83 million and a PE ratio of -12.52.

Equinox Gold (CVE:EQX) last released its quarterly earnings data on Wednesday, May 1st. The company reported C($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.02. The firm had revenue of C$47.05 million during the quarter. On average, analysts expect that Equinox Gold will post 0.02 earnings per share for the current fiscal year.

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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