Equinox Gold (NYSEAMERICAN:EQX) Shares Gap Down – Should You Sell?

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) gapped down prior to trading on Monday . The stock had previously closed at $5.82, but opened at $5.60. Equinox Gold shares last traded at $5.49, with a volume of 702,127 shares trading hands.

Equinox Gold Price Performance

The stock has a market cap of $2.37 billion, a PE ratio of 10.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The firm had revenue of $428.40 million during the quarter, compared to analysts’ expectations of $437.84 million. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. As a group, equities research analysts expect that Equinox Gold Corp. will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinox Gold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kings Path Partners LLC purchased a new position in shares of Equinox Gold during the second quarter valued at about $27,000. Continuum Advisory LLC bought a new stake in Equinox Gold during the second quarter worth about $29,000. Joel Isaacson & Co. LLC bought a new stake in Equinox Gold during the third quarter worth about $61,000. Veracity Capital LLC bought a new stake in Equinox Gold during the third quarter worth about $61,000. Finally, Evergreen Capital Management LLC boosted its stake in Equinox Gold by 30.2% during the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock worth $113,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other 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.