Equinox Gold (TSE:EQX) Sets New 1-Year High – Time to Buy?

Equinox Gold Corp. (TSE:EQX)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$9.17 and last traded at C$9.04, with a volume of 483556 shares traded. The stock had previously closed at C$8.58.

Equinox Gold Stock Performance

The company has a market capitalization of C$4.08 billion, a P/E ratio of 11.10 and a beta of 1.16. The business has a 50 day moving average of C$7.98 and a 200 day moving average of C$7.82. The company has a quick ratio of 1.31, a current ratio of 1.10 and a debt-to-equity ratio of 51.77.

Equinox Gold (TSE:EQX) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). Equinox Gold had a net margin of 22.60% and a return on equity of 8.79%. During the same quarter in the prior year, the company earned $0.12 EPS. On average, sell-side analysts predict that Equinox Gold Corp. will post 1.3865979 earnings per share for the current year.

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.