Equinox Gold (EQX) Sets New 12-Month Low at $0.94

Shares of Equinox Gold Corp (CVE:EQX) reached a new 52-week low on Tuesday . The company traded as low as C$0.94 and last traded at C$0.96, with a volume of 320013 shares traded. The stock had previously closed at C$0.98.

A number of research firms recently weighed in on EQX. National Bank Financial reissued an “outperform spec overweight” rating on shares of Equinox Gold in a research report on Thursday, October 11th. Cormark reduced their price objective on shares of Equinox Gold from C$1.90 to C$1.75 in a research report on Monday, October 15th. BMO Capital Markets increased their price objective on shares of Equinox Gold from C$2.00 to C$2.20 in a research report on Thursday, November 1st. Finally, Raymond James increased their price objective on shares of Equinox Gold from C$1.80 to C$2.00 and gave the stock an “outperform” rating in a research report on Friday, October 19th.

The company has a debt-to-equity ratio of 19.95, a quick ratio of 0.89 and a current ratio of 0.89.

Equinox Gold (CVE:EQX) last issued its earnings results on Tuesday, October 30th. The company reported C($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of C($0.03). On average, research analysts predict that Equinox Gold Corp will post -0.01 earnings per share for the current year.

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Equinox Gold Company Profile (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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