Equinox Gold (TSE:EQX) Hits New 52-Week High – Should You Buy?

Equinox Gold Corp. (TSE:EQX)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$10.23 and last traded at C$10.04, with a volume of 195267 shares trading hands. The stock had previously closed at C$9.97.

Analysts Set New Price Targets

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

Equinox Gold Stock Up 0.5 %

The business has a 50 day simple moving average of C$9.21 and a 200 day simple moving average of C$8.31. The company has a market capitalization of C$3.21 billion, a price-to-earnings ratio of 10.56 and a beta of 1.16. The company has a debt-to-equity ratio of 45.65, a current ratio of 0.85 and a quick ratio of 1.31.

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.