Equinox Gold (NYSEAMERICAN:EQX) Trading 6.6% Higher – Should You Buy?

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

Equinox Gold Price Performance

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

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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. Equinox Gold’s revenue for the quarter was up 50.5% on a year-over-year basis. On average, sell-side analysts predict that Equinox Gold Corp. will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Equinox Gold

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

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.