Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down to $5.58

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) gapped down prior to trading on Thursday . The stock had previously closed at $5.58, but opened at $5.32. Equinox Gold shares last traded at $5.16, with a volume of 1,722,301 shares.

Wall Street Analysts Forecast Growth

EQX has been the subject of a number of research reports. National Bank Financial raised Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research report on Friday, April 26th. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th.

Equinox Gold Stock Down 7.3 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. The firm has a market cap of $2.00 billion, a P/E ratio of 58.78 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX) last released 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 return on equity of 0.69% and a net margin of 2.65%. The business had revenue of $297.80 million for the quarter. Equities research analysts expect that Equinox Gold Corp. will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On Equinox Gold

A number of institutional investors have recently bought and sold shares of EQX. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Equinox Gold by 6.7% in the 3rd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Equinox Gold by 24.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,169 shares of the company’s stock valued at $301,000 after buying an additional 14,049 shares during the period. Mackenzie Financial Corp boosted its stake in Equinox Gold by 1,619.0% during the 3rd quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company’s stock worth $11,679,000 after acquiring an additional 2,613,815 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Equinox Gold by 4.5% in the 3rd quarter. CIBC Asset Management Inc now owns 332,793 shares of the company’s stock valued at $1,403,000 after buying an additional 14,406 shares during the period. Finally, Private Advisor Group LLC grew its stake in Equinox Gold by 1.8% in the third quarter. Private Advisor Group LLC now owns 214,468 shares of the company’s stock valued at $907,000 after acquiring an additional 3,700 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

About Equinox Gold

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.