Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down to $3.51

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) gapped down prior to trading on Thursday . The stock had previously closed at $3.51, but opened at $3.29. Equinox Gold shares last traded at $3.24, with a volume of 44,268 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus lowered their price target on Equinox Gold from C$16.25 to C$11.50 in a research note on Wednesday, July 20th. TD Securities reduced their target price on Equinox Gold from $10.00 to $9.50 and set a “buy” rating for the company in a report on Thursday, August 4th. BMO Capital Markets reduced their target price on Equinox Gold from C$9.50 to C$8.50 in a report on Friday. TheStreet lowered Equinox Gold from a “b-” rating to a “c+” rating in a report on Friday, May 20th. Finally, National Bank Financial lowered Equinox Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, July 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Equinox Gold Trading Up 5.6 %

The firm has a market capitalization of $1.10 billion, a P/E ratio of -119.67 and a beta of 1.26. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.25.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). The business had revenue of $224.60 million for the quarter. Equinox Gold had a return on equity of 0.43% and a net margin of 0.67%. Equities research analysts anticipate that Equinox Gold Corp. will post -0.16 EPS for the current year.

Institutional Trading of Equinox Gold

A number of institutional investors and hedge funds have recently modified their holdings of EQX. SeaCrest Wealth Management LLC bought a new stake in Equinox Gold in the second quarter valued at $29,000. Quantbot Technologies LP grew its position in Equinox Gold by 20,288.1% in the first quarter. Quantbot Technologies LP now owns 8,563 shares of the company’s stock valued at $70,000 after acquiring an additional 8,521 shares during the period. Fermata Advisors LLC bought a new stake in Equinox Gold in the first quarter valued at $91,000. First Trust Advisors LP bought a new stake in Equinox Gold in the first quarter valued at $97,000. Finally, St. Johns Investment Management Company LLC grew its position in Equinox Gold by 340.8% in the first quarter. St. Johns Investment Management Company LLC now owns 13,734 shares of the company’s stock valued at $114,000 after acquiring an additional 10,618 shares during the period. 30.00% of the stock is currently owned by institutional investors.

Equinox Gold Company Profile

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Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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