Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down – Here’s What Happened

Equinox Gold Corp. (NYSEAMERICAN:EQX) shares gapped down prior to trading on Thursday . The stock had previously closed at $6.80, but opened at $6.42. Equinox Gold shares last traded at $6.94, with a volume of 1,486,559 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EQX. TD Securities raised shares of Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen started coverage on Equinox Gold in a research report on Tuesday, February 4th. They set a “hold” rating and a $35.00 price objective for the company.

Equinox Gold Price Performance

The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 14.44 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Institutional Trading of Equinox Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Parvin Asset Management LLC bought a new position in Equinox Gold in the 4th quarter worth approximately $38,000. Hobbs Group Advisors LLC bought a new position in shares of Equinox Gold during the third quarter worth $43,000. BNP Paribas Financial Markets bought a new position in shares of Equinox Gold during the fourth quarter worth $47,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Equinox Gold in the 4th quarter valued at $50,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Equinox Gold in the 4th quarter worth $56,000. 38.85% of the stock is owned by hedge funds and other 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.