Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report)'s share price rose 3.4% during mid-day trading on Tuesday . The stock traded as high as $7.07 and last traded at $7.00. Approximately 1,032,710 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 4,615,100 shares. The stock had previously closed at $6.77.
Analyst Upgrades and Downgrades
EQX has been the topic of several analyst reports. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. TD Cowen initiated coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective on the stock. Finally, TD Securities upgraded shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.
Check Out 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 firm has a market capitalization of $3.13 billion, a PE ratio of 12.72 and a beta of 1.33. The company's 50 day moving average is $6.49.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in EQX. The Manufacturers Life Insurance Company boosted its position in Equinox Gold by 212.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 932,050 shares of the company's stock valued at $5,681,000 after acquiring an additional 634,210 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Equinox Gold during the third quarter valued at approximately $684,000. Northwest & Ethical Investments L.P. grew its stake in Equinox Gold by 20.4% in the third quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company's stock worth $151,000 after purchasing an additional 4,198 shares during the period. Maple Rock Capital Partners Inc. raised its holdings in Equinox Gold by 34.4% in the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock worth $55,842,000 after purchasing an additional 2,349,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Equinox Gold during the third quarter valued at $1,343,000. 38.85% of the stock is owned by hedge funds and other institutional investors.
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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