Equinox Gold Sees Unusually High Options Volume (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 5,160 call options on the company. This represents an increase of approximately 215% compared to the average volume of 1,639 call options.

Institutional Investors Weigh In On Equinox Gold

Several large investors have recently modified their holdings of EQX. Everett Harris & Co. CA acquired a new stake in Equinox Gold in the fourth quarter worth $52,000. &PARTNERS acquired a new position in shares of Equinox Gold during the first quarter valued at about $60,000. Advisor Resource Council acquired a new position in shares of Equinox Gold during the first quarter valued at about $76,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Equinox Gold during the fourth quarter valued at about $80,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Equinox Gold during the third quarter valued at about $84,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $5.23 on Thursday. The company has a market capitalization of $1.72 billion, a P/E ratio of 58.11 and a beta of 1.32. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32. Equinox Gold has a one year low of $3.95 and a one year high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The firm had revenue of $297.80 million during the quarter. Sell-side analysts forecast that Equinox Gold will post 0.12 EPS for the current fiscal 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.