Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Up - Still a Buy?

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.48, but opened at $6.61. Equinox Gold shares last traded at $6.41, with a volume of 922,691 shares trading hands.Analyst Ratings ChangesA number of analysts have weighed in on EQX shares. TD Cowen started coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They set a "hold" rating and a $35.00 target price on the stock. TD Securities upgraded Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th.View Our Latest Stock Analysis on Equinox GoldEquinox Gold Trading Down 1.6 %The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The stock has a market capitalization of $2.90 billion, a P/E ratio of 11.77 and a beta of 1.33. Institutional Inflows and OutflowsSeveral hedge funds and other institutional investors have recently bought and sold shares of EQX. Donald Smith & CO. Inc. lifted its stake in shares of Equinox Gold by 49.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after acquiring an additional 8,949,544 shares during the period. Vanguard Group Inc. raised its holdings in Equinox Gold by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock worth $69,626,000 after purchasing an additional 236,455 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Equinox Gold by 34.4% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock worth $55,842,000 after purchasing an additional 2,349,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Equinox Gold by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock valued at $45,985,000 after purchasing an additional 750,300 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Equinox Gold by 41.3% in the 4th quarter. Invesco Ltd. now owns 9,029,240 shares of the company's stock valued at $45,327,000 after purchasing an additional 2,640,109 shares during the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds. Equinox Gold Company Profile (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.Featured StoriesFive stocks we like better than Equinox GoldInvesting in the High PE Growth Stocks GitLab: Get In While It’s Down—Big Rebound Ahead3 Monster Growth Stocks to Buy NowTesla Stock: Finding a Bottom May Take TimeAre Penny Stocks a Good Fit for Your Portfolio?Duolingo: This Beaten-Down Stock Is About to Rally 38%This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Equinox Gold Right Now?Before you consider Equinox Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equinox Gold wasn't on the list.While Equinox Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here