Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Down 7.3% in March

Equinox Gold Corp. (NYSEAMERICAN:EQX) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 13,240,000 shares, a drop of 7.3% from the March 15th total of 14,280,000 shares. Approximately 4.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,340,000 shares, the short-interest ratio is presently 5.7 days.

Institutional Trading of Equinox Gold

A number of hedge funds have recently bought and sold shares of EQX. Raymond James Financial Services Advisors Inc. boosted its position in Equinox Gold by 39.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,755 shares of the company’s stock worth $213,000 after acquiring an additional 7,250 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Equinox Gold by 52.0% in the 1st quarter. Bank of New York Mellon Corp now owns 16,657 shares of the company’s stock valued at $138,000 after purchasing an additional 5,701 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Equinox Gold by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock valued at $485,000 after purchasing an additional 2,669 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Equinox Gold by 153.3% in the 1st quarter. HighTower Advisors LLC now owns 25,442 shares of the company’s stock valued at $210,000 after purchasing an additional 15,396 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Equinox Gold by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company’s stock valued at $377,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

EQX has been the subject of a number of research analyst reports. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of Equinox Gold in a report on Monday, April 8th. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

Equinox Gold Price Performance

Shares of EQX opened at $5.83 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. Equinox Gold has a 1-year low of $3.95 and a 1-year high of $6.50. The company has a market cap of $1.92 billion, a PE ratio of 64.78 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The business had revenue of $297.80 million during the quarter. Equities analysts forecast that Equinox Gold will post 0.12 EPS for the current year.

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.