Equinox Gold Corp. (NYSEAMERICAN:EQX – Get Free Report)’s share price rose 2.7% on Wednesday . The stock traded as high as $5.99 and last traded at $5.99. Approximately 278,908 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 2,339,970 shares. The stock had previously closed at $5.83.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Monday, April 8th. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.
Get Our Latest Stock Report on EQX
Equinox Gold Price Performance
Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $297.80 million during the quarter. On average, research analysts expect that Equinox Gold Corp. will post 0.12 earnings per share for the current year.
Institutional Trading of Equinox Gold
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in Equinox Gold in the fourth quarter worth $41,000. Evergreen Capital Management LLC bought a new position in Equinox Gold in the 4th quarter worth about $49,000. Everett Harris & Co. CA bought a new position in Equinox Gold in the 4th quarter worth about $52,000. First Trust Advisors LP increased its position in shares of Equinox Gold by 38.1% during the third quarter. First Trust Advisors LP now owns 15,136 shares of the company’s stock worth $55,000 after acquiring an additional 4,178 shares during the period. Finally, &PARTNERS bought a new stake in shares of Equinox Gold during the first quarter valued at approximately $60,000. 38.85% of the stock is owned by hedge funds and other institutional investors.
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.
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