Equinox Gold (NYSEAMERICAN:EQX) Trading Up 5.3%

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) were up 5.3% during mid-day trading on Friday . The stock traded as high as $5.80 and last traded at $5.75. Approximately 1,288,055 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 2,857,350 shares. The stock had previously closed at $5.46.

Analyst Ratings Changes

Separately, National Bank Financial raised Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a report on Friday, April 26th.

Equinox Gold Trading Up 4.8 %

The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -60.66 and a beta of 1.31. The company has a quick ratio of 0.49, a current ratio of 1.17 and a debt-to-equity ratio of 0.27.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. Equinox Gold had a positive return on equity of 0.43% and a negative net margin of 2.85%. The business had revenue of $241.32 million during the quarter. On average, equities research analysts predict that Equinox Gold Corp. will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

Several institutional investors have recently made changes to their positions in EQX. Maple Rock Capital Partners Inc. purchased a new stake in shares of Equinox Gold during the first quarter worth $29,741,000. Donald Smith & CO. Inc. raised its position in shares of Equinox Gold by 52.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company’s stock worth $46,603,000 after buying an additional 3,262,602 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Equinox Gold by 8.1% in the first quarter. Van ECK Associates Corp now owns 34,537,861 shares of the company’s stock worth $207,921,000 after buying an additional 2,597,602 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Equinox Gold in the fourth quarter worth $11,742,000. Finally, Norges Bank purchased a new stake in shares of Equinox Gold in the fourth quarter worth $9,111,000. 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.