Equinox Gold (NYSEAMERICAN:EQX) Trading Down 2.3%

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s stock price dropped 2.3% on Wednesday . The stock traded as low as $5.56 and last traded at $5.56. Approximately 136,413 shares were traded during trading, a decline of 95% from the average daily volume of 2,838,579 shares. The stock had previously closed at $5.69.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research report on Friday, April 26th.

Equinox Gold Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.17. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -63.05 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $269.43 million for the quarter. Equinox Gold had a negative net margin of 2.85% and a positive return on equity of 0.43%. Equities research analysts expect that Equinox Gold Corp. will post 0.4 earnings per share for the current year.

Institutional Trading of Equinox Gold

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in shares of Equinox Gold by 1.9% in the first quarter. SG Americas Securities LLC now owns 140,710 shares of the company’s stock worth $847,000 after purchasing an additional 2,566 shares during the period. Bank of New York Mellon Corp increased its position in Equinox Gold by 15.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock worth $138,000 after buying an additional 3,528 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Equinox Gold by 2.0% during the second quarter. Private Advisor Group LLC now owns 201,057 shares of the company’s stock worth $1,052,000 after buying an additional 3,862 shares during the last quarter. Evergreen Capital Management LLC boosted its position in shares of Equinox Gold by 30.2% in the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock valued at $113,000 after acquiring an additional 5,000 shares during the period. Finally, Raymond James & Associates increased its position in Equinox Gold by 0.8% during the second quarter. Raymond James & Associates now owns 645,727 shares of the company’s stock worth $3,377,000 after acquiring an additional 5,143 shares during the period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.