Equinox Gold (NYSEAMERICAN:EQX) Stock Price Down 1.8%

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) fell 1.8% during trading on Thursday . The stock traded as low as $6.32 and last traded at $6.37. 275,521 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 2,295,618 shares. The stock had previously closed at $6.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EQX shares. Desjardins raised Equinox Gold from a "hold" rating to a "buy" rating in a report on Tuesday, January 30th. National Bank Financial reiterated a "sector perform spec overwgt" rating on shares of Equinox Gold in a research report on Wednesday, January 3rd.

Equinox Gold Trading Down 4.8 %

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 firm has a market cap of $2.00 billion, a P/E ratio of 70.33 and a beta of 1.32.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its position in Equinox Gold by 39.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,755 shares of the company's stock valued at $213,000 after purchasing an additional 7,250 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Equinox Gold by 52.0% during the 1st quarter. Bank of New York Mellon Corp now owns 16,657 shares of the company's stock valued at $138,000 after buying an additional 5,701 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Equinox Gold by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company's stock valued at $485,000 after acquiring an additional 2,669 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Equinox Gold by 153.3% during the 1st quarter. HighTower Advisors LLC now owns 25,442 shares of the company's stock valued at $210,000 after acquiring an additional 15,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Equinox Gold by 5.8% in the first quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company's stock worth $377,000 after acquiring an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company's stock.

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.