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

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

Analysts Set New Price Targets

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

Equinox Gold Price Performance

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

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $297.80 million for the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. On average, analysts anticipate that Equinox Gold Corp. will post 0.13 EPS for the current year.

Institutional Trading of Equinox Gold

A number of institutional investors have recently made changes to their positions in EQX. Donald Smith & CO. Inc. grew its stake in Equinox Gold by 52.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company’s stock valued at $46,603,000 after purchasing an additional 3,262,602 shares during the last quarter. Mackenzie Financial Corp boosted its position in Equinox Gold by 1,619.0% in the third quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company’s stock valued at $11,679,000 after buying an additional 2,613,815 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Equinox Gold in the 4th quarter worth approximately $11,742,000. Norges Bank purchased a new position in Equinox Gold during the 4th quarter worth approximately $7,225,000. Finally, Dimensional Fund Advisors LP lifted its stake in Equinox Gold by 173.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,207,772 shares of the company’s stock valued at $18,258,000 after acquiring an additional 1,399,386 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

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.