Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down to $5.24

Equinox Gold Corp. (NYSEAMERICAN:EQXGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.24, but opened at $4.50. Equinox Gold shares last traded at $4.34, with a volume of 2,476,386 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Equinox Gold from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, September 12th.

Check Out Our Latest Research Report on EQX

Equinox Gold Trading Down 17.2 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.11. The firm has a market capitalization of $1.36 billion, a PE ratio of 109.28 and a beta of 1.24.

Equinox Gold (NYSEAMERICAN:EQXGet Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. Equinox Gold had a net margin of 1.51% and a negative return on equity of 1.46%. The company had revenue of $271.56 million for the quarter. As a group, analysts expect that Equinox Gold Corp. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Equinox Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Coastal Bridge Advisors LLC purchased a new position in Equinox Gold in the second quarter valued at about $219,000. GTS Securities LLC acquired a new stake in Equinox Gold in the second quarter valued at $153,000. Y Intercept Hong Kong Ltd acquired a new stake in Equinox Gold in the 2nd quarter valued at about $67,000. Royal Bank of Canada raised its position in Equinox Gold by 8.2% during the second quarter. Royal Bank of Canada now owns 91,674 shares of the company’s stock worth $419,000 after acquiring an additional 6,940 shares during the last quarter. Finally, Cipher Capital LP lifted its holdings in shares of Equinox Gold by 531.4% in the second quarter. Cipher Capital LP now owns 64,495 shares of the company’s stock valued at $295,000 after purchasing an additional 54,281 shares in the last quarter. Institutional investors and hedge funds own 31.61% of the company’s stock.

Equinox Gold Company Profile

(Get Free Report)

Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties in the Americas. The company primarily explores for gold and silver deposits. It holds 100% interest in the Mesquite Gold Mine and Castle Mountain Gold Mine located in California, the United States; Los Filos Mine Complex located in Guerrero State, Mexico; Aurizona Gold Mine located in Maranhão State, Brazil; Fazenda Gold Mine and Santa Luz Gold Mine located in Bahia State, Brazil; and RDM Gold Mine located in Mina Gerais State, Brazil.

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