Investors Purchase Large Volume of Equinox Gold Call Options (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) saw unusually large options trading on Wednesday. Stock investors acquired 5,160 call options on the stock. This is an increase of 215% compared to the typical daily volume of 1,639 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQX. U S Global Investors Inc. purchased a new stake in Equinox Gold during the 1st quarter valued at about $1,204,000. Parsons Capital Management Inc. RI acquired a new position in shares of Equinox Gold in the 1st quarter valued at about $90,000. Advisor Resource Council acquired a new position in shares of Equinox Gold in the 1st quarter valued at about $76,000. Synergy Asset Management LLC acquired a new position in shares of Equinox Gold in the 1st quarter valued at about $222,000. Finally, &PARTNERS acquired a new position in shares of Equinox Gold in the 1st quarter valued at about $60,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Price Performance

Shares of EQX stock traded down $0.49 on Wednesday, reaching $5.23. 20,393,966 shares of the company's stock were exchanged, compared to its average volume of 2,591,988. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74. The firm has a market capitalization of $1.72 billion, a P/E ratio of 58.11 and a beta of 1.32. Equinox Gold has a 52 week low of $3.95 and a 52 week high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. The business had revenue of $297.80 million during the quarter. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. As a group, sell-side analysts predict that Equinox Gold will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

EQX has been the topic of a number of recent research reports. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of Equinox Gold in a report on Monday, April 8th. Desjardins upgraded Equinox Gold from a "hold" rating to a "buy" rating in a report on Tuesday, January 30th.

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.