Equinox Gold (NYSEAMERICAN:EQX) Trading Up 7.2% - What's Next?

Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report)'s stock price was up 7.2% during trading on Monday . The stock traded as high as $6.46 and last traded at $6.51. Approximately 4,951,311 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 6,902,599 shares. The stock had previously closed at $6.07.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD Cowen assumed coverage on shares of Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price target for the company. TD Securities raised Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.

Equinox Gold Trading Down 0.9 %

The stock has a market capitalization of $3.02 billion, a PE ratio of 13.53 and a beta of 1.33. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its 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). The firm had revenue of $428.40 million during the quarter, compared to analysts' expectations of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. Equinox Gold's revenue for the quarter was up 50.5% compared to the same quarter last year. On average, analysts predict that Equinox Gold Corp. will post 0.36 earnings per share for the current year.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new stake in Equinox Gold during the 2nd quarter valued at about $116,000. Net Worth Advisory Group acquired a new stake in shares of Equinox Gold in the 3rd quarter worth $188,000. Veracity Capital LLC purchased a new position in shares of Equinox Gold during the 3rd quarter worth $61,000. Bayshore Asset Management LLC acquired a new position in shares of Equinox Gold during the 3rd quarter valued at about $365,000. Finally, Builder Investment Group Inc. ADV increased its position in Equinox Gold by 2.4% during the third quarter. Builder Investment Group Inc. ADV now owns 1,044,584 shares of the company's stock worth $6,362,000 after purchasing an additional 24,200 shares during the last quarter. 38.85% of the stock is currently owned by hedge funds and other 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.