Equinox Gold Cp (NASDAQ:EQX) hit a new 52-week high on Tuesday . The company traded as high as $8.23 and last traded at $8.16, with a volume of 7035 shares. The stock had previously closed at $7.98.
A number of equities analysts have weighed in on the stock. National Bank Financial set a $10.00 target price on shares of Equinox Gold Cp and gave the stock a “buy” rating in a research note on Monday, October 21st. Zacks Investment Research downgraded shares of Equinox Gold Cp from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James set a $13.00 target price on shares of Equinox Gold Cp and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, CIBC downgraded shares of Equinox Gold Cp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 17th.
The firm has a 50-day moving average of $6.92.
A hedge fund recently bought a new stake in Equinox Gold Cp stock. Commonwealth Equity Services LLC purchased a new position in shares of Equinox Gold Cp (NASDAQ:EQX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,975 shares of the company’s stock, valued at approximately $58,000.
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.
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