Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.48, but opened at $6.61. Equinox Gold shares last traded at $6.41, with a volume of 922,691 shares.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th. TD Cowen began coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They set a "hold" rating and a $35.00 target price for the company.
Get Our Latest Stock Analysis on EQX
Equinox Gold Price Performance
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 company has a 50 day simple moving average of $6.01. The stock has a market capitalization of $3.03 billion, a P/E ratio of 12.33 and a beta of 1.33.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in EQX. Hobbs Group Advisors LLC bought a new stake in shares of Equinox Gold during the 3rd quarter valued at $43,000. Parvin Asset Management LLC bought a new position in Equinox Gold in the 4th quarter worth about $38,000. BNP Paribas Financial Markets bought a new position in Equinox Gold in the 4th quarter worth about $47,000. Synovus Financial Corp bought a new position in Equinox Gold in the 3rd quarter worth about $61,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Equinox Gold in the 4th quarter worth about $50,000. 38.85% of the stock is owned by hedge funds and other 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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