Equinox Gold (TSE:EQX) Hits New 12-Month High - Still a Buy?

Equinox Gold Corp. (TSE:EQX - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as C$10.24 and last traded at C$10.12, with a volume of 48727 shares. The stock had previously closed at C$10.13.

Wall Street Analysts Forecast Growth

EQX has been the subject of several research reports. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. TD Securities upgraded Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th.

Equinox Gold Price Performance

The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31. The stock has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 10.07 and a beta of 1.16. The company has a 50-day simple moving average of C$9.43 and a two-hundred day simple moving average of C$8.45.

Equinox Gold Company Profile

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.