Equinox Gold (CVE:EQX) Sets New 52-Week High at $7.55

Equinox Gold Corp (CVE:EQX) reached a new 52-week high on Tuesday . The stock traded as high as C$7.55 and last traded at C$7.45, with a volume of 8352 shares trading hands. The stock had previously closed at C$1.42.

Several research firms recently weighed in on EQX. Raymond James raised their price objective on Equinox Gold from C$2.00 to C$2.25 and gave the company an “outperform” rating in a research note on Monday, August 12th. CIBC raised their price objective on Equinox Gold from C$1.60 to C$1.85 in a research note on Monday, July 15th. Finally, National Bank Financial raised their price objective on Equinox Gold from C$1.60 to C$1.80 and gave the company a “sector perform” rating in a research note on Friday, June 28th.

The company has a debt-to-equity ratio of 63.40, a current ratio of 1.40 and a quick ratio of 0.69. The firm has a 50-day simple moving average of C$1.32 and a two-hundred day simple moving average of C$1.21. The company has a market cap of $804.05 million and a PE ratio of -117.19.

Equinox Gold (CVE:EQX) last released its quarterly earnings results on Thursday, August 1st. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$47.35 million during the quarter. Equities research analysts forecast that Equinox Gold Corp will post 0.05 EPS for the current year.

About Equinox Gold (CVE:EQX)

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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