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 Tuesday . The stock traded as high as C$10.23 and last traded at C$10.04, with a volume of 195267 shares. The stock had previously closed at C$9.97.

Wall Street Analysts Forecast Growth

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

Equinox Gold Trading Up 0.5 %

The company’s fifty day moving average price is C$9.21 and its two-hundred day moving average price is C$8.31. The firm has a market cap of C$3.21 billion, a PE ratio of 10.56 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.

About Equinox Gold

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.