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

Equinox Gold Corp. (TSE:EQX) 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 changing hands. The stock had previously closed at C$9.97.

Analyst Ratings Changes

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

Equinox Gold Stock Performance

The firm has a market capitalization of C$3.21 billion, a price-to-earnings ratio of 10.59 and a beta of 1.16. The stock’s fifty day moving average is C$9.13 and its two-hundred day moving average is C$8.28. 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.