Equinox Gold (NYSEAMERICAN:EQX) Hits New 12-Month High – Here’s What Happened

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $7.22 and last traded at $7.16, with a volume of 11350103 shares. The stock had previously closed at $6.80.

Analyst Ratings Changes

Several brokerages recently weighed in on EQX. TD Cowen initiated coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price objective for the company. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th.

Equinox Gold Trading Up 5.3 %

The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 14.61 and a beta of 1.33. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37.

Institutional Trading of Equinox Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Joel Isaacson & Co. LLC bought a new position in shares of Equinox Gold during the third quarter valued at about $61,000. Donald Smith & CO. Inc. raised its position in Equinox Gold by 35.5% during the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after purchasing an additional 4,727,570 shares during the last quarter. Van ECK Associates Corp raised its position in Equinox Gold by 7.7% during the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock valued at $247,549,000 after purchasing an additional 2,954,174 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in Equinox Gold by 70.3% in the 3rd quarter. Intact Investment Management Inc. now owns 188,000 shares of the company’s stock worth $1,147,000 after buying an additional 77,600 shares during the period. Finally, Harvest Portfolios Group Inc. grew its position in shares of Equinox Gold by 5.2% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 108,963 shares of the company’s stock worth $665,000 after buying an additional 5,418 shares during the last quarter. Institutional investors 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.