Equinox Gold (TSE:EQX) Sets New 1-Year High – Time to Buy?

Shares of Equinox Gold Corp. (TSE:EQX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$9.17 and last traded at C$9.04, with a volume of 483556 shares. The stock had previously closed at C$8.58.

Equinox Gold Stock Performance

The company has a quick ratio of 1.31, a current ratio of 1.10 and a debt-to-equity ratio of 51.77. The firm has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 11.10 and a beta of 1.16. The business has a 50-day moving average price of C$7.98 and a 200-day moving average price of C$7.82.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Equinox Gold had a net margin of 22.60% and a return on equity of 8.79%. During the same period in the previous year, the firm earned $0.12 earnings per share. As a group, sell-side analysts forecast that Equinox Gold Corp. will post 1.3865979 earnings per share for the current year.

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.