Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down – What’s Next?

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) gapped down prior to trading on Thursday . The stock had previously closed at $5.88, but opened at $5.47. Equinox Gold shares last traded at $5.39, with a volume of 2,098,448 shares trading hands.

Equinox Gold Stock Performance

The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.33 billion, a P/E ratio of 10.78 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $269.43 million for the quarter. Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. On average, research analysts forecast that Equinox Gold Corp. will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On Equinox Gold

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in Equinox Gold by 1.9% during the first 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 period. Bank of New York Mellon Corp boosted its position in Equinox Gold by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock worth $138,000 after purchasing an additional 3,528 shares during the period. Private Advisor Group LLC boosted its position in Equinox Gold by 2.0% during the second quarter. Private Advisor Group LLC now owns 201,057 shares of the company’s stock worth $1,052,000 after purchasing an additional 3,862 shares during the period. Evergreen Capital Management LLC boosted its position in Equinox Gold by 30.2% during the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock worth $113,000 after purchasing an additional 5,000 shares during the period. Finally, Raymond James & Associates boosted its position in Equinox Gold by 0.8% during the second quarter. Raymond James & Associates now owns 645,727 shares of the company’s stock worth $3,377,000 after purchasing an additional 5,143 shares during the period. 38.85% of the stock is currently owned by 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.