Equinox Gold (NYSEAMERICAN:EQX) Hits New 12-Month High at $5.84

Equinox Gold Corp. (NYSEAMERICAN:EQX) hit a new 52-week high on Thursday . The stock traded as high as $5.84 and last traded at $5.83, with a volume of 1176220 shares. The stock had previously closed at $5.63.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EQX shares. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Wednesday, January 3rd.

Equinox Gold Stock Performance

The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 67.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The company had revenue of $297.80 million during the quarter. As a group, research analysts predict that Equinox Gold Corp. will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EQX. PNC Financial Services Group Inc. raised its stake in Equinox Gold by 5.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company’s stock valued at $377,000 after acquiring an additional 2,500 shares in the last quarter. Geode Capital Management LLC lifted its position in Equinox Gold by 2.4% in the second quarter. Geode Capital Management LLC now owns 110,449 shares of the company’s stock worth $506,000 after purchasing an additional 2,540 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Equinox Gold by 4.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock valued at $485,000 after buying an additional 2,669 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Equinox Gold by 0.9% during the 1st quarter. CIBC Asset Management Inc now owns 316,923 shares of the company’s stock valued at $1,626,000 after purchasing an additional 2,879 shares in the last quarter. Finally, Profund Advisors LLC grew its stake in shares of Equinox Gold by 14.6% in the 1st quarter. Profund Advisors LLC now owns 22,844 shares of the company’s stock worth $118,000 after purchasing an additional 2,908 shares during the last quarter. 38.85% of the stock is currently owned by 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.