Equinox Gold (NYSEAMERICAN:EQX) Trading Up 5.3%

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s stock price was up 5.3% on Friday . The stock traded as high as $5.80 and last traded at $5.75. Approximately 1,288,055 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 2,857,350 shares. The stock had previously closed at $5.46.

Analyst Ratings Changes

Separately, 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.

Equinox Gold Trading Up 4.8 %

The company has a quick ratio of 0.49, a current ratio of 1.17 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.45 billion, a PE ratio of -60.66 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $241.32 million during the quarter. Equinox Gold had a positive return on equity of 0.43% and a negative net margin of 2.85%. On average, analysts anticipate that Equinox Gold Corp. will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EQX. SG Americas Securities LLC lifted its holdings in Equinox Gold by 1.9% during the 1st quarter. SG Americas Securities LLC now owns 140,710 shares of the company’s stock worth $847,000 after purchasing an additional 2,566 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Equinox Gold by 6.9% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 99,700 shares of the company’s stock worth $601,000 after purchasing an additional 6,400 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in Equinox Gold by 63.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock worth $106,000 after purchasing an additional 6,755 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Equinox Gold by 2.4% in the 4th quarter. CIBC Asset Management Inc now owns 340,707 shares of the company’s stock valued at $1,661,000 after acquiring an additional 7,914 shares in the last quarter. Finally, Terril Brothers Inc. raised its holdings in Equinox Gold by 66.7% in the 4th quarter. Terril Brothers Inc. now owns 20,000 shares of the company’s stock valued at $98,000 after acquiring an additional 8,000 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors.

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.