Equinox Gold (TSE:EQX) Reaches New 12-Month High – Time to Buy?

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

Equinox Gold Trading Down 2.4 %

The stock has a market capitalization of C$3.98 billion, a PE ratio of 10.83 and a beta of 1.16. The company has a current ratio of 1.10, a quick ratio of 1.31 and a debt-to-equity ratio of 51.77. The business’s 50-day moving average is C$8.01 and its two-hundred day moving average is C$7.83.

Equinox Gold (TSE:EQX) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $0.12 EPS. On average, 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.