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

Equinox Gold Corp. (TSE:EQX)’s share price reached 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 traded. The stock had previously closed at C$10.13.

Wall Street Analysts Forecast Growth

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

Equinox Gold Stock Down 1.0 %

The firm’s fifty day moving average is C$9.37 and its 200-day moving average is C$8.41. The stock has a market capitalization of C$3.23 billion, a PE ratio of 10.63 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

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.