Investors Purchase High Volume of Equinox Gold Call Options (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) saw unusually large options trading on Wednesday. Investors acquired 5,160 call options on the company. This is an increase of approximately 215% compared to the average daily volume of 1,639 call options.

Analyst Ratings Changes

Several equities analysts recently weighed in on EQX shares. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Monday, April 8th. Desjardins raised Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Institutional Investors Weigh In On Equinox Gold

Several large investors have recently modified their holdings of EQX. Donald Smith & CO. Inc. grew its stake in shares of Equinox Gold by 52.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company’s stock valued at $46,603,000 after purchasing an additional 3,262,602 shares during the period. Mackenzie Financial Corp increased its holdings in Equinox Gold by 1,619.0% during the 3rd quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company’s stock valued at $11,679,000 after purchasing an additional 2,613,815 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Equinox Gold during the 4th quarter valued at $11,742,000. Norges Bank acquired a new stake in Equinox Gold during the 4th quarter valued at $9,111,000. Finally, American Century Companies Inc. increased its holdings in Equinox Gold by 3,396.3% during the 3rd quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock valued at $5,904,000 after purchasing an additional 1,357,849 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Stock Up 0.4 %

Equinox Gold stock opened at $5.25 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 58.33 and a beta of 1.32. Equinox Gold has a 12 month low of $3.95 and a 12 month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The company had revenue of $297.80 million for the quarter. Equities research analysts forecast that Equinox Gold will post 0.12 EPS for the current year.

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.