Equinox Gold (NYSEAMERICAN:EQX) Trading Up 6.6% – Time to Buy?

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s stock price traded up 6.6% during trading on Wednesday . The stock traded as high as $5.66 and last traded at $5.63. 1,432,104 shares were traded during trading, a decline of 68% from the average session volume of 4,459,104 shares. The stock had previously closed at $5.28.

Equinox Gold Trading Up 5.2 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The company has a market capitalization of $2.78 billion, a P/E ratio of 12.45 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last issued its 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). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business had revenue of $428.40 million for the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold’s revenue was up 50.5% compared to the same quarter last year. Research analysts predict that Equinox Gold Corp. will post 0.43 EPS for the current fiscal year.

Institutional Trading of Equinox Gold

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in Equinox Gold by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock worth $138,000 after acquiring an additional 3,528 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Equinox Gold by 2.0% in the 2nd quarter. Private Advisor Group LLC now owns 201,057 shares of the company’s stock worth $1,052,000 after acquiring an additional 3,862 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of Equinox Gold by 7.8% in the 2nd quarter. Rathbones Group PLC now owns 127,304 shares of the company’s stock worth $665,000 after acquiring an additional 9,165 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Equinox Gold by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,805,581 shares of the company’s stock worth $40,824,000 after acquiring an additional 597,182 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its holdings in shares of Equinox Gold by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 13,322,869 shares of the company’s stock worth $69,679,000 after acquiring an additional 2,873,059 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

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.