Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Update

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 16,920,000 shares, a growth of 9.7% from the December 15th total of 15,420,000 shares. Currently, 4.4% of the company’s shares are short sold. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EQX. National Bank of Canada FI increased its position in shares of Equinox Gold by 15.3% during the third quarter. National Bank of Canada FI now owns 2,288,413 shares of the company’s stock valued at $13,938,000 after buying an additional 303,904 shares during the period. Stifel Financial Corp bought a new stake in Equinox Gold during the 3rd quarter worth approximately $1,388,000. Van ECK Associates Corp increased its holdings in Equinox Gold by 7.7% during the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock worth $247,549,000 after acquiring an additional 2,954,174 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings in Equinox Gold by 34.4% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock valued at $55,842,000 after purchasing an additional 2,349,000 shares during the period. Finally, Donald Smith & CO. Inc. boosted its holdings in Equinox Gold by 35.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after purchasing an additional 4,727,570 shares during the period. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Shares of EQX stock traded down $0.02 during mid-day trading on Friday, hitting $5.84. The company’s stock had a trading volume of 5,602,492 shares, compared to its average volume of 4,037,015. Equinox Gold has a 52 week low of $3.95 and a 52 week high of $6.50. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.66 billion, a PE ratio of 11.92 and a beta of 1.30.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The business had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. The company’s quarterly revenue was up 50.5% compared to the same quarter last year. As a group, equities research analysts expect that Equinox Gold will post 0.34 earnings per share for the current 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.