Equinox Gold (NYSEAMERICAN:EQX) Sees Large Volume Increase

Equinox Gold Corp. (NYSEAMERICAN:EQX) shares saw strong trading volume on Wednesday . 5,162,716 shares were traded during mid-day trading, an increase of 116% from the previous session’s volume of 2,393,548 shares.The stock last traded at $5.25 and had previously closed at $5.72.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Desjardins upgraded 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 Stock Up 0.4 %

The stock has a market capitalization of $1.73 billion, a P/E ratio of 104.60 and a beta of 1.32. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results 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 during the quarter. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. On average, sell-side analysts forecast that Equinox Gold Corp. will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EQX. Everett Harris & Co. CA bought a new position in Equinox Gold during the fourth quarter worth $52,000. &PARTNERS acquired a new position in shares of Equinox Gold during the first quarter worth approximately $60,000. Advisor Resource Council acquired a new stake in shares of Equinox Gold in the 1st quarter valued at $76,000. Vanguard Personalized Indexing Management LLC acquired a new position in Equinox Gold during the 4th quarter valued at about $80,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Equinox Gold in the third quarter valued at approximately $84,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

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.