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Equinox Gold (TSE:EQX) Stock Price Down 3.5% - Should You Sell?

Equinox Gold logo with Basic Materials background

Equinox Gold Corp. (TSE:EQX - Get Free Report) traded down 3.5% during trading on Friday . The company traded as low as C$9.70 and last traded at C$9.72. 1,811,320 shares traded hands during trading, an increase of 39% from the average session volume of 1,299,389 shares. The stock had previously closed at C$10.07.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EQX. TD Securities raised shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st.

Check Out Our Latest Analysis on Equinox Gold

Equinox Gold Price Performance

The stock's 50-day simple moving average is C$9.48 and its two-hundred day simple moving average is C$8.57. The company has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 9.83 and a beta of 1.16. The company has a quick ratio of 1.31, a current ratio of 0.85 and a debt-to-equity ratio of 45.65.

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.

Further Reading

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