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Equinox Gold (NYSEAMERICAN:EQX) Sets New 12-Month High - What's Next?

Equinox Gold logo with Basic Materials background
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Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $6.94 and last traded at $6.86, with a volume of 7144655 shares traded. The stock had previously closed at $6.63.

Analysts Set New Price Targets

A number of analysts have commented on EQX shares. TD Cowen started coverage on shares of Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective for the company. TD Securities upgraded shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.

Check Out Our Latest Research Report on Equinox Gold

Equinox Gold Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The stock has a market cap of $3.09 billion, a P/E ratio of 13.84 and a beta of 1.33.

Institutional Investors Weigh In On Equinox Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in Equinox Gold during the 4th quarter worth $38,000. Hobbs Group Advisors LLC acquired a new stake in Equinox Gold during the 3rd quarter worth $43,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Equinox Gold during the 4th quarter worth $50,000. Gamco Investors INC. ET AL acquired a new stake in Equinox Gold during the 4th quarter worth $56,000. Finally, Kiker Wealth Management LLC acquired a new stake in Equinox Gold during the 4th quarter worth $58,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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Equinox Gold Company Profile

(Get Free Report)

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.

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