Equinox Gold (NYSEAMERICAN:EQX) Trading Up 5.3%

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s share price was up 5.3% during mid-day trading on Thursday . The company traded as high as $6.05 and last traded at $5.95. Approximately 505,631 shares changed hands during trading, a decline of 82% from the average daily volume of 2,815,177 shares. The stock had previously closed at $5.65.

Equinox Gold Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.45 and a current ratio of 1.10. The company has a market cap of $2.71 billion, a PE ratio of -70.16 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $269.43 million for the quarter. Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. Equities research analysts expect that Equinox Gold Corp. will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Equinox Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new position in Equinox Gold during the fourth quarter valued at $174,000. Dimensional Fund Advisors LP lifted its holdings in Equinox Gold by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,840,693 shares of the company’s stock valued at $33,452,000 after purchasing an additional 412,402 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Equinox Gold during the fourth quarter valued at $80,000. Norges Bank purchased a new position in Equinox Gold during the fourth quarter valued at $9,111,000. Finally, Aigen Investment Management LP lifted its holdings in Equinox Gold by 121.4% during the fourth quarter. Aigen Investment Management LP now owns 44,853 shares of the company’s stock valued at $219,000 after purchasing an additional 24,590 shares in the last quarter. Institutional investors and hedge funds 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.