Equinox Gold (TSE:EQX) Hits New 1-Year High – Still a Buy?

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

Analyst Ratings Changes

Several analysts recently commented on EQX shares. National Bank Financial upgraded shares of Equinox Gold to a “strong-buy” rating in a research report on Friday, March 21st. TD Securities raised shares of Equinox Gold to a “hold” rating in a report on Tuesday, February 4th.

Equinox Gold Stock Down 2.8 %

The business has a 50-day simple moving average of C$9.40 and a two-hundred day simple moving average of C$8.43. The company has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 10.44 and a beta of 1.16. The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85.

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.