Equinox Gold (NYSEAMERICAN:EQX) Shares Down 2.3%

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) traded down 2.3% during trading on Wednesday . The company traded as low as $6.01 and last traded at $6.01. 166,434 shares were traded during mid-day trading, a decline of 94% from the average session volume of 2,837,830 shares. The stock had previously closed at $6.15.

Equinox Gold Stock Performance

The company has a market cap of $2.55 billion, a PE ratio of -68.33 and a beta of 1.31. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $269.43 million during the quarter. Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. On average, equities research analysts predict that Equinox Gold Corp. will post 0.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQX. Ghisallo Capital Management LLC bought a new stake in shares of Equinox Gold in the second quarter valued at about $1,308,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Equinox Gold in the second quarter worth $300,000. Mackenzie Financial Corp lifted its stake in Equinox Gold by 54.6% during the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock worth $46,732,000 after purchasing an additional 3,162,992 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Equinox Gold by 26.2% during the second quarter. The Manufacturers Life Insurance Company now owns 297,840 shares of the company’s stock worth $1,552,000 after acquiring an additional 61,774 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Equinox Gold in the second quarter valued at approximately $116,000. Institutional investors own 38.85% of the company’s stock.

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.