Equinox Gold Corp. (NYSEAMERICAN:EQX) Sees Large Growth in Short Interest

Equinox Gold Corp. (NYSEAMERICAN:EQX) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 14,970,000 shares, an increase of 27.7% from the October 15th total of 11,720,000 shares. Based on an average trading volume of 3,730,000 shares, the short-interest ratio is currently 4.0 days. Approximately 3.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Equinox Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp grew its stake in Equinox Gold by 7.7% during the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock valued at $247,549,000 after acquiring an additional 2,954,174 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Equinox Gold by 13.1% during the first quarter. Russell Investments Group Ltd. now owns 2,955,057 shares of the company’s stock valued at $17,841,000 after buying an additional 341,632 shares during the period. SG Americas Securities LLC raised its stake in Equinox Gold by 152.1% in the second quarter. SG Americas Securities LLC now owns 354,702 shares of the company’s stock worth $1,855,000 after buying an additional 213,992 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Equinox Gold by 35.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock worth $109,927,000 after acquiring an additional 4,727,570 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Equinox Gold by 54.6% during the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock valued at $46,732,000 after buying an additional 3,162,992 shares during the period. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

EQX traded down $0.01 during mid-day trading on Friday, reaching $5.18. 1,352,659 shares of the stock were exchanged, compared to its average volume of 3,134,723. Equinox Gold has a 1 year low of $3.95 and a 1 year high of $6.50. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 10.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $428.40 million for the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business’s quarterly revenue was up 50.5% on a year-over-year basis. As a group, analysts anticipate that Equinox Gold will post 0.36 earnings per share for the current fiscal year.

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.