Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.69, but opened at $5.97. Equinox Gold shares last traded at $5.89, with a volume of 1,643,833 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on EQX shares. TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, TD Cowen initiated coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price target for the company.
Check Out Our Latest Stock Analysis on EQX
Equinox Gold Stock Up 1.6 %
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 company has a market cap of $3.16 billion, a P/E ratio of 12.83 and a beta of 1.33. The stock has a 50 day moving average price of $6.61 and a 200 day moving average price of $5.95.
Institutional Trading of Equinox Gold
A number of hedge funds and other institutional investors have recently made changes to their positions in EQX. Parvin Asset Management LLC purchased a new stake in shares of Equinox Gold during the fourth quarter valued at $38,000. BNP Paribas Financial Markets purchased a new stake in Equinox Gold during the fourth quarter valued at about $47,000. Synovus Financial Corp purchased a new stake in Equinox Gold during the third quarter valued at about $61,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Equinox Gold in the fourth quarter worth about $50,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Equinox Gold in the fourth quarter worth approximately $56,000. 38.85% of the stock is currently owned by institutional investors.
About Equinox Gold
(
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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