Equinox Gold (NYSEAMERICAN:EQX) Stock Price Up 6.6% – What’s Next?

Equinox Gold Corp. (NYSEAMERICAN:EQX)’s stock price traded up 6.6% during mid-day trading on Wednesday . The company traded as high as $5.66 and last traded at $5.63. 1,432,104 shares changed hands during trading, a decline of 68% from the average session volume of 4,459,104 shares. The stock had previously closed at $5.28.

Equinox Gold Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 11.41 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $428.40 million for 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. On average, research analysts forecast that Equinox Gold Corp. will post 0.38 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

Institutional investors have recently modified their holdings of the stock. Hobbs Group Advisors LLC purchased a new position in shares of Equinox Gold during the third quarter valued at $43,000. Joel Isaacson & Co. LLC purchased a new stake in shares of Equinox Gold in the 3rd quarter worth approximately $61,000. Synovus Financial Corp bought a new position in shares of Equinox Gold during the third quarter valued at approximately $61,000. Veracity Capital LLC bought a new position in Equinox Gold in the third quarter worth approximately $61,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Equinox Gold in the third quarter worth approximately $110,000. 38.85% of the stock is owned by institutional investors.

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.