Equinox Gold Cp (NASDAQ:EQX) Hits New 1-Year High at $11.39

Equinox Gold Cp (NASDAQ:EQX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.39 and last traded at $11.17, with a volume of 49167 shares traded. The stock had previously closed at $11.16.

EQX has been the subject of a number of recent research reports. Zacks Investment Research cut Equinox Gold Cp from a “buy” rating to a “hold” rating in a report on Monday, June 8th. TD Securities increased their target price on Equinox Gold Cp from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus initiated coverage on Equinox Gold Cp in a report on Friday, April 17th. They issued a “buy” rating and a $19.00 target price for the company. Canaccord Genuity initiated coverage on Equinox Gold Cp in a report on Friday, May 29th. They issued a “buy” rating and a $19.00 target price for the company. Finally, TheStreet raised Equinox Gold Cp from a “d+” rating to a “c” rating in a report on Friday, May 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Equinox Gold Cp currently has an average rating of “Buy” and an average target price of $15.29.

The stock has a fifty day moving average of $9.55 and a two-hundred day moving average of $8.20.

Equinox Gold Cp (NASDAQ:EQX) last released its quarterly earnings results on Friday, May 15th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $130.00 million for the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of Equinox Gold Cp by 4,347.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,914 shares of the company’s stock valued at $26,000 after buying an additional 3,826 shares during the period. Advisor Group Inc. increased its stake in shares of Equinox Gold Cp by 102.6% in the 4th quarter. Advisor Group Inc. now owns 5,635 shares of the company’s stock valued at $44,000 after buying an additional 2,854 shares during the period. Legal & General Group Plc acquired a new stake in shares of Equinox Gold Cp in the 1st quarter valued at $52,000. Pathstone Family Office LLC acquired a new stake in shares of Equinox Gold Cp in the 1st quarter valued at $53,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Equinox Gold Cp in the 1st quarter valued at $67,000.

About Equinox Gold Cp (NASDAQ:EQX)

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona gold mine covering a total land package of approximately 2,000 square kilometers located in Maranhão State, Brazil; and the Mesquite gold mine covering a total area of 1,890 hectares and Castle Mountain property situated in California, the United States.

Further Reading: Net Income

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