Equinox Gold (NYSEAMERICAN:EQX) Trading 2.7% Higher

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) was up 2.7% during trading on Wednesday . The stock traded as high as $5.99 and last traded at $5.99. Approximately 278,908 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 2,339,970 shares. The stock had previously closed at $5.83.

Wall Street Analysts Forecast Growth

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

Equinox Gold Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. The stock has a market cap of $1.94 billion, a PE ratio of 65.33 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its quarterly 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 company had revenue of $297.80 million for the quarter. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. Equities research analysts expect that Equinox Gold Corp. will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of Equinox Gold

Institutional investors and hedge funds have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its position in Equinox Gold by 52.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company's stock worth $46,603,000 after purchasing an additional 3,262,602 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Equinox Gold by 1,619.0% during the third quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company's stock worth $11,679,000 after buying an additional 2,613,815 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Equinox Gold in the 4th quarter valued at about $11,742,000. Norges Bank purchased a new stake in Equinox Gold during the 4th quarter valued at approximately $7,225,000. Finally, Dimensional Fund Advisors LP lifted its position in Equinox Gold by 173.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,207,772 shares of the company's stock worth $18,258,000 after acquiring an additional 1,399,386 shares during the period. 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.