Equinox Gold Target of Unusually High Options Trading (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders acquired 7,267 call options on the stock. This is an increase of approximately 212% compared to the typical daily volume of 2,329 call options.

Institutional Trading of Equinox Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tobam acquired a new position in Equinox Gold during the first quarter worth $29,000. Parvin Asset Management LLC acquired a new position in Equinox Gold during the fourth quarter worth $38,000. BNP Paribas Financial Markets acquired a new position in Equinox Gold during the fourth quarter worth $47,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Equinox Gold during the fourth quarter worth $50,000. Finally, Continuum Advisory LLC increased its holdings in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock worth $52,000 after buying an additional 2,620 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Equinox Gold Stock Down 1.5%

EQX traded down $0.10 during trading on Friday, reaching $6.44. The company had a trading volume of 15,563,633 shares, compared to its average volume of 7,054,660. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. Equinox Gold has a 12 month low of $4.48 and a 12 month high of $7.45. The business's fifty day moving average price is $6.62 and its 200 day moving average price is $6.17. The company has a market cap of $2.93 billion, a P/E ratio of 11.93 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). Equinox Gold had a net margin of 17.81% and a return on equity of 3.20%. The company had revenue of $423.72 million during the quarter, compared to the consensus estimate of $404.00 million. During the same period in the previous year, the firm posted ($0.13) EPS. The business's quarterly revenue was up 75.6% compared to the same quarter last year. Equities analysts anticipate that Equinox Gold will post 0.85 EPS for the current year.

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.