Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Up to $5.38

Equinox Gold Corp. (NYSEAMERICAN:EQX) gapped up before the market opened on Monday . The stock had previously closed at $5.38, but opened at $5.56. Equinox Gold shares last traded at $5.59, with a volume of 361,095 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EQX shares. National Bank Financial upgraded shares of Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research report on Friday, April 26th. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Equinox Gold Price Performance

The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2.14 billion, a P/E ratio of 61.67 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $297.80 million during the quarter. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. On average, research analysts expect that Equinox Gold Corp. will post 0.34 earnings per share for the current year.

Institutional Trading of Equinox Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in Equinox Gold by 58.6% during the 4th quarter. Mackenzie Financial Corp now owns 4,401,254 shares of the company’s stock valued at $21,401,000 after buying an additional 1,625,994 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Equinox Gold by 328.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 999,780 shares of the company’s stock valued at $4,888,000 after acquiring an additional 766,250 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Equinox Gold by 3,396.3% in the third 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 during the period. Van ECK Associates Corp increased its holdings in Equinox Gold by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock worth $131,296,000 after purchasing an additional 1,292,168 shares during the period. Finally, CenterBook Partners LP lifted its holdings in shares of Equinox Gold by 26.6% in the 3rd quarter. CenterBook Partners LP now owns 1,855,635 shares of the company’s stock worth $7,849,000 after buying an additional 389,521 shares during the period. 38.85% of the stock is 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.