Equinox Gold Sees Unusually High Options Volume (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the recipient of unusually large options trading activity on Wednesday. Traders bought 5,160 call options on the stock. This is an increase of 215% compared to the typical volume of 1,639 call options.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Equinox Gold

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in Equinox Gold by 13.5% during the third quarter. SG Americas Securities LLC now owns 124,545 shares of the company’s stock valued at $527,000 after purchasing an additional 14,770 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Equinox Gold in the third quarter worth $84,000. Builder Investment Group Inc. ADV increased its position in Equinox Gold by 0.8% in the third quarter. Builder Investment Group Inc. ADV now owns 945,475 shares of the company’s stock worth $3,999,000 after purchasing an additional 7,600 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Equinox Gold by 6.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock worth $404,000 after purchasing an additional 6,021 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Equinox Gold by 24.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,169 shares of the company’s stock worth $301,000 after purchasing an additional 14,049 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Down 8.6 %

Shares of NYSEAMERICAN EQX opened at $5.23 on Thursday. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.72 billion, a PE ratio of 58.11 and a beta of 1.32. Equinox Gold has a 52-week low of $3.95 and a 52-week high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $297.80 million for the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. As a group, equities research 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.