Equinox Gold (NYSEAMERICAN:EQX) Shares Down 3.9% – Time to Sell?

Equinox Gold Corp. (NYSEAMERICAN:EQX) traded down 3.9% during trading on Friday . The stock traded as low as $5.60 and last traded at $5.62. 2,683,977 shares traded hands during trading, a decline of 12% from the average session volume of 3,053,738 shares. The stock had previously closed at $5.85.

Equinox Gold Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.45 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 11.40 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. The company had revenue of $269.43 million during the quarter. As a group, equities research analysts expect that Equinox Gold Corp. will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinox Gold

A number of institutional investors have recently made changes to their positions in the stock. Synergy Asset Management LLC purchased a new stake in shares of Equinox Gold during the first quarter worth approximately $222,000. Advisor Resource Council purchased a new stake in Equinox Gold in the first quarter valued at $76,000. Privium Fund Management B.V. lifted its position in Equinox Gold by 63.8% in the first quarter. Privium Fund Management B.V. now owns 63,691 shares of the company’s stock valued at $383,000 after acquiring an additional 24,801 shares during the last quarter. Van ECK Associates Corp increased its stake in Equinox Gold by 8.1% in the first quarter. Van ECK Associates Corp now owns 34,537,861 shares of the company’s stock valued at $207,921,000 after purchasing an additional 2,597,602 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its stake in Equinox Gold by 6.9% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 99,700 shares of the company’s stock valued at $601,000 after purchasing an additional 6,400 shares during the period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

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.