Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down to $6.16

Equinox Gold Corp. (NYSEAMERICAN:EQX) gapped down prior to trading on Thursday . The stock had previously closed at $6.16, but opened at $5.82. Equinox Gold shares last traded at $5.93, with a volume of 1,044,845 shares.

Equinox Gold Stock Down 5.8 %

The company has a market capitalization of $2.49 billion, a PE ratio of -64.77 and a beta of 1.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.10 and a quick ratio of 0.45.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. The firm had revenue of $269.43 million for the quarter. On average, analysts predict that Equinox Gold Corp. will post 0.41 EPS for the current fiscal year.

Institutional Trading of Equinox Gold

Several institutional investors and hedge funds have recently bought and sold shares of EQX. Ghisallo Capital Management LLC purchased a new position in Equinox Gold during the second quarter valued at $1,308,000. Gordian Capital Singapore Pte Ltd purchased a new position in Equinox Gold during the 2nd quarter valued at about $300,000. Mackenzie Financial Corp lifted its position in Equinox Gold by 54.6% during the 2nd quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock valued at $46,732,000 after acquiring an additional 3,162,992 shares during the period. The Manufacturers Life Insurance Company boosted 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 purchased a new stake in Equinox Gold in the second quarter worth about $116,000. 38.85% of the stock is currently 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.