Stock Traders Purchase Large Volume of Equinox Gold Call Options (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) saw some unusual options trading on Wednesday. Stock traders acquired 5,160 call options on the stock. This is an increase of 215% compared to the typical volume of 1,639 call options.

Analyst Upgrades and Downgrades

EQX has been the subject of several research reports. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. National Bank Financial reaffirmed 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 %

Shares of EQX opened at $5.25 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. The company has a market capitalization of $1.73 billion, a P/E ratio of 58.33 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 announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm 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%. Research analysts anticipate that Equinox Gold will post 0.12 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQX. Everett Harris & Co. CA purchased a new stake in shares of Equinox Gold during the fourth quarter worth approximately $52,000. &PARTNERS purchased a new stake in shares of Equinox Gold during the first quarter worth approximately $60,000. Advisor Resource Council purchased a new stake in shares of Equinox Gold during the first quarter worth approximately $76,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Equinox Gold during the fourth quarter worth approximately $80,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Equinox Gold during the third quarter worth 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.