Equinox Gold (NYSEAMERICAN:EQX) Sees Strong Trading Volume

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) saw unusually-high trading volume on Wednesday . Approximately 5,162,716 shares were traded during mid-day trading, an increase of 116% from the previous session’s volume of 2,393,548 shares.The stock last traded at $5.25 and had previously closed at $5.72.

Wall Street Analyst Weigh In

EQX has been the topic of several recent research reports. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th.

Equinox Gold Stock Down 8.4 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 58.33 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The company had revenue of $297.80 million for the quarter. On average, equities research analysts expect that Equinox Gold Corp. will post 0.12 EPS for the current year.

Institutional Trading of Equinox Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC raised its position in Equinox Gold by 1.8% during the third quarter. Private Advisor Group LLC now owns 214,468 shares of the company’s stock worth $907,000 after acquiring an additional 3,700 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Equinox Gold by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock valued at $404,000 after purchasing an additional 6,021 shares during the period. Banque Cantonale Vaudoise raised its position in shares of Equinox Gold by 63.0% in the first quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock valued at $106,000 after purchasing an additional 6,755 shares during the period. Builder Investment Group Inc. ADV raised its position in shares of Equinox Gold by 0.8% in the third quarter. Builder Investment Group Inc. ADV now owns 945,475 shares of the company’s stock valued at $3,999,000 after purchasing an additional 7,600 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Equinox Gold by 2.4% in the fourth quarter. CIBC Asset Management Inc now owns 340,707 shares of the company’s stock valued at $1,661,000 after purchasing an additional 7,914 shares during the period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Company Profile

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.