Traders Buy High Volume of Equinox Gold Call Options (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) saw some unusual options trading on Thursday. Traders purchased 7,267 call options on the stock. This represents an increase of approximately 212% compared to the typical daily volume of 2,329 call options.

Equinox Gold Trading Down 1.5%

Shares of NYSEAMERICAN:EQX opened at $6.44 on Friday. Equinox Gold has a 12-month low of $4.48 and a 12-month high of $7.45. The company has a market capitalization of $2.93 billion, a PE ratio of 11.93 and a beta of 1.33. The business has a 50 day moving average of $6.62 and a two-hundred day moving average of $6.17. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.19). Equinox Gold had a return on equity of 3.20% and a net margin of 17.81%. The firm had revenue of $423.72 million for the quarter, compared to analysts’ expectations of $404.00 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. The firm’s revenue for the quarter was up 75.6% compared to the same quarter last year. As a group, analysts forecast that Equinox Gold will post 0.85 EPS for the current year.

Analyst Ratings Changes

Separately, National Bank Financial upgraded Equinox Gold to a “strong-buy” rating in a research note on Friday, March 21st.

Institutional Trading of Equinox Gold

Large investors have recently added to or reduced their stakes in the stock. Veracity Capital LLC lifted its stake in Equinox Gold by 14.2% during the 1st quarter. Veracity Capital LLC now owns 12,589 shares of the company’s stock worth $87,000 after acquiring an additional 1,564 shares in the last quarter. Rathbones Group PLC raised its position in shares of Equinox Gold by 1.7% during the 1st quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock worth $743,000 after acquiring an additional 1,825 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Equinox Gold by 3.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company’s stock worth $308,000 after buying an additional 1,956 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Equinox Gold by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock worth $592,000 after buying an additional 1,990 shares during the period. Finally, Continuum Advisory LLC grew its stake in shares of Equinox Gold by 53.3% in the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock valued at $52,000 after purchasing an additional 2,620 shares during the last quarter. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

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.