Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $7.45 and last traded at $7.03, with a volume of 11743119 shares. The stock had previously closed at $7.01.
Analyst Ratings Changes
Several research analysts have issued reports on EQX shares. TD Cowen began coverage on Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective for the company. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, TD Securities raised shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.
Check Out Our Latest Report on EQX
Equinox Gold Stock Performance
The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 12.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The stock's 50-day moving average is $6.69 and its 200-day moving average is $6.02.
Institutional Trading of Equinox Gold
A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Equinox Gold during the 4th quarter worth $5,304,000. Vanguard Group Inc. grew its position in Equinox Gold by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock valued at $69,626,000 after acquiring an additional 236,455 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Equinox Gold by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 931,677 shares of the company's stock worth $4,690,000 after acquiring an additional 17,886 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Equinox Gold in the 3rd quarter worth about $1,227,000. Finally, Helikon Investments Ltd acquired a new position in shares of Equinox Gold in the 4th quarter valued at about $8,559,000. 38.85% of the stock is owned by institutional investors and hedge funds.
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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