Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Up 9.7% in January

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 16,920,000 shares, an increase of 9.7% from the December 31st 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. Approximately 4.4% of the shares of the stock are short sold.

Equinox Gold Trading Up 8.2 %

Equinox Gold stock traded up $0.50 during mid-day trading on Monday, hitting $6.57. The company’s stock had a trading volume of 15,438,213 shares, compared to its average volume of 7,475,115. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 13.41 and a beta of 1.33. Equinox Gold has a twelve month low of $3.95 and a twelve month high of $6.65.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The business had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. On average, research analysts predict that Equinox Gold will post 0.36 EPS for the current fiscal year.

Institutional Trading of Equinox Gold

Several large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI grew its stake in shares of Equinox Gold by 15.3% in the 3rd quarter. National Bank of Canada FI now owns 2,288,413 shares of the company’s stock valued at $13,938,000 after buying an additional 303,904 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Equinox Gold in the third quarter valued at approximately $1,388,000. Van ECK Associates Corp boosted its position in shares of Equinox Gold by 7.7% in the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock valued at $247,549,000 after acquiring an additional 2,954,174 shares during the period. Maple Rock Capital Partners Inc. boosted its position in shares of Equinox Gold by 34.4% in the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock valued at $55,842,000 after acquiring an additional 2,349,000 shares during the period. Finally, Donald Smith & CO. Inc. raised its stake in shares of Equinox Gold by 35.5% in the third 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 in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

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.