Equinox Gold (TSE:EQX) Reaches New 12-Month High – Here’s Why

Equinox Gold Corp. (TSE:EQX)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.23 and last traded at C$10.04, with a volume of 195267 shares trading hands. The stock had previously closed at C$9.97.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th.

Equinox Gold Trading Up 0.2 %

The company has a debt-to-equity ratio of 45.65, a quick ratio of 1.31 and a current ratio of 0.85. The company has a market capitalization of C$3.21 billion, a price-to-earnings ratio of 10.59 and a beta of 1.16. The business’s 50-day simple moving average is C$9.13 and its 200-day simple moving average is C$8.28.

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.