Equinox Gold Sees Unusually Large Options Volume (NYSEAMERICAN:EQX)

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the target of unusually large options trading on Wednesday. Stock investors acquired 5,160 call options on the company. This represents an increase of approximately 215% compared to the typical daily volume of 1,639 call options.

Equinox Gold Stock Down 8.7 %

EQX traded down $0.50 on Wednesday, reaching $5.22. The stock had a trading volume of 8,079,615 shares, compared to its average volume of 2,429,147. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74. Equinox Gold has a 12-month low of $3.95 and a 12-month high of $6.50. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 58.33 and a beta of 1.32.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Equinox Gold

Several large investors have recently bought and sold shares of EQX. Private Advisor Group LLC grew its holdings in shares of Equinox Gold by 1.8% during the third quarter. Private Advisor Group LLC now owns 214,468 shares of the company’s stock worth $907,000 after buying an additional 3,700 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Equinox Gold by 6.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock worth $404,000 after acquiring an additional 6,021 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in Equinox Gold by 63.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock valued at $106,000 after acquiring an additional 6,755 shares in the last quarter. Builder Investment Group Inc. ADV raised its holdings in Equinox Gold by 0.8% in the 3rd quarter. Builder Investment Group Inc. ADV now owns 945,475 shares of the company’s stock valued at $3,999,000 after acquiring an additional 7,600 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Equinox Gold by 2.4% in the 4th quarter. CIBC Asset Management Inc now owns 340,707 shares of the company’s stock worth $1,661,000 after purchasing an additional 7,914 shares in the last quarter. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

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.