Equinox Gold (NYSEAMERICAN:EQX) Hits New 52-Week High – Time to Buy?

Equinox Gold Corp. (NYSEAMERICAN:EQX) reached a new 52-week high on Friday . The stock traded as high as $7.22 and last traded at $7.16, with a volume of 11350103 shares trading hands. The stock had previously closed at $6.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Securities upgraded Equinox Gold to a “hold” rating in a report on Tuesday, February 4th. TD Cowen began coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 target price on the stock.

Equinox Gold Trading Up 5.3 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The firm has a market cap of $3.26 billion, a PE ratio of 14.61 and a beta of 1.33.

Institutional Investors Weigh In On Equinox Gold

A number of institutional investors have recently modified their holdings of the stock. Parvin Asset Management LLC bought a new stake in shares of Equinox Gold during the fourth quarter valued at approximately $38,000. Hobbs Group Advisors LLC purchased a new stake in Equinox Gold during the 3rd quarter valued at $43,000. BNP Paribas Financial Markets bought a new stake in shares of Equinox Gold in the 4th quarter worth $47,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Equinox Gold in the fourth quarter worth $50,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Equinox Gold during the fourth quarter valued at $56,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

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.