Equinox Gold (NYSEAMERICAN:EQX) Trading 2.7% Higher

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s share price shot up 2.7% on Wednesday . The company traded as high as $5.99 and last traded at $5.99. 278,908 shares traded hands during trading, a decline of 88% from the average session volume of 2,339,970 shares. The stock had previously closed at $5.83.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

Equinox Gold Stock Performance

The company has a market cap of $1.96 billion, a PE ratio of 116.60 and a beta of 1.32. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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%. Analysts forecast that Equinox Gold Corp. will post 0.12 EPS for the current fiscal year.

Institutional Trading of Equinox Gold

Several institutional investors and hedge funds have recently made changes to their positions in EQX. Donald Smith & CO. Inc. boosted its stake in Equinox Gold by 52.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company’s stock worth $46,603,000 after acquiring an additional 3,262,602 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Equinox Gold by 1,619.0% in the third quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company’s stock worth $11,679,000 after purchasing an additional 2,613,815 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Equinox Gold during the fourth quarter worth $11,742,000. Norges Bank acquired a new position in shares of Equinox Gold in the 4th quarter valued at $7,225,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Equinox Gold by 173.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,207,772 shares of the company’s stock valued at $18,258,000 after buying an additional 1,399,386 shares in the last quarter. 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.