Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Update

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 16,920,000 shares, an increase of 9.7% from the December 15th total of 15,420,000 shares. Based on an average daily trading volume, of 4,580,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 4.4% of the company’s stock are short sold.

Equinox Gold Trading Down 0.3 %

EQX stock traded down $0.02 during midday trading on Friday, hitting $5.84. 5,602,492 shares of the company traded hands, compared to its average volume of 4,037,015. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold has a twelve month low of $3.95 and a twelve month high of $6.50. The company has a market cap of $2.66 billion, a PE ratio of 11.92 and a beta of 1.30.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $428.40 million during the quarter, compared to the consensus estimate of $437.84 million. Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. Equinox Gold’s revenue was up 50.5% on a year-over-year basis. Equities analysts predict that Equinox Gold will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in Equinox Gold by 7.7% during the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock worth $247,549,000 after purchasing an additional 2,954,174 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in Equinox Gold by 35.5% during the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after purchasing an additional 4,727,570 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in shares of Equinox Gold by 34.4% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock worth $55,842,000 after buying an additional 2,349,000 shares during the period. Mackenzie Financial Corp grew its stake in shares of Equinox Gold by 54.6% in the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock valued at $46,732,000 after acquiring an additional 3,162,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Equinox Gold by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,805,581 shares of the company’s stock worth $40,824,000 after purchasing an additional 597,182 shares in the last quarter. Institutional investors and hedge funds 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.