Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down to $6.00

Equinox Gold Corp. (NYSEAMERICAN:EQX) gapped down prior to trading on Monday . The stock had previously closed at $6.00, but opened at $5.74. Equinox Gold shares last traded at $5.81, with a volume of 587,362 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EQX shares. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Monday, April 8th.

Equinox Gold Trading Up 1.1 %

The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 113.40 and a beta of 1.32. 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 (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business 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%. On average, equities analysts anticipate that Equinox Gold Corp. will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

Several institutional investors have recently modified their holdings of EQX. Mackenzie Financial Corp raised its stake in Equinox Gold by 58.6% during the 4th quarter. Mackenzie Financial Corp now owns 4,401,254 shares of the company’s stock worth $21,401,000 after buying an additional 1,625,994 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Equinox Gold by 328.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 999,780 shares of the company’s stock worth $4,888,000 after purchasing an additional 766,250 shares in the last quarter. American Century Companies Inc. lifted its stake in Equinox Gold by 3,396.3% in the third quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock valued at $5,904,000 after buying an additional 1,357,849 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Equinox Gold by 4.3% in the third quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock valued at $131,296,000 after buying an additional 1,292,168 shares during the period. Finally, CenterBook Partners LP lifted its holdings in shares of Equinox Gold by 26.6% in the third quarter. CenterBook Partners LP now owns 1,855,635 shares of the company’s stock valued at $7,849,000 after purchasing an additional 389,521 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.