Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down – Should You Sell?

Posted by Tech Dows on Feb 22nd, 2025

Equinox Gold Corp. (NYSEAMERICAN:EQX – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $6.80, but opened at $6.42. Equinox Gold shares last traded at $6.94, with a volume of 1,486,559 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EQX shares. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen started coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price target on the stock.

Get Our Latest Analysis on EQX

Equinox Gold Stock Down 4.7 %

The company has a market cap of $3.11 billion, a price-to-earnings ratio of 12.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Institutional Investors Weigh In On Equinox Gold

Several hedge funds have recently bought and sold shares of EQX. Parvin Asset Management LLC purchased a new position in Equinox Gold during the 4th quarter valued at $38,000. Hobbs Group Advisors LLC purchased a new stake in shares of Equinox Gold in the third quarter worth $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Equinox Gold in the fourth quarter worth $47,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Equinox Gold during the fourth quarter worth $50,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Equinox Gold during the fourth quarter worth $56,000. 38.85% of the stock is currently owned by institutional investors.

About Equinox Gold

(Get Free Report)

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.