Equinox Gold (NYSEAMERICAN:EQX) Shares Up 7.2% – Here’s What Happened

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s share price was up 7.2% during mid-day trading on Monday . The company traded as high as $6.46 and last traded at $6.51. Approximately 4,951,311 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 6,902,599 shares. The stock had previously closed at $6.07.

Equinox Gold Stock Up 8.2 %

The company has a market cap of $2.99 billion, a PE ratio of 13.41 and a beta of 1.33. 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $428.40 million during the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. As a group, analysts forecast that Equinox Gold Corp. will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinox Gold

Several institutional investors have recently added to or reduced their stakes in EQX. Hobbs Group Advisors LLC bought a new position in Equinox Gold in the 3rd quarter worth $43,000. Joel Isaacson & Co. LLC bought a new position in Equinox Gold in the 3rd quarter worth $61,000. Veracity Capital LLC bought a new position in Equinox Gold in the 3rd quarter worth $61,000. Synovus Financial Corp bought a new position in Equinox Gold in the 3rd quarter worth $61,000. Finally, Choreo LLC bought a new position in Equinox Gold in the 4th quarter worth $63,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

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.