Equinox Gold Corp. (NYSEAMERICAN:EQX) Short Interest Down 14.7% in February

Equinox Gold Corp. (NYSEAMERICAN:EQX) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 16,181,143 shares, a decrease of 14.7% from the January 29th total of 18,965,604 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 11,811,331 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 11,811,331 shares, the short-interest ratio is presently 1.4 days. Approximately 2.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Mcguire Capital Advisors Inc. acquired a new stake in shares of Equinox Gold in the fourth quarter worth approximately $25,000. Lodestone Wealth Management LLC purchased a new position in shares of Equinox Gold in the 4th quarter worth $28,000. Aventura Private Wealth LLC acquired a new position in Equinox Gold in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB acquired a new position in Equinox Gold in the fourth quarter valued at $37,000. Finally, Quarry LP grew its position in Equinox Gold by 329.9% during the fourth quarter. Quarry LP now owns 2,734 shares of the company’s stock valued at $38,000 after acquiring an additional 2,098 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Trading Down 0.6%

EQX traded down $0.10 during trading on Wednesday, hitting $17.13. The company’s stock had a trading volume of 6,162,956 shares, compared to its average volume of 10,450,532. Equinox Gold has a twelve month low of $5.59 and a twelve month high of $18.96. The stock has a market cap of $13.50 billion, a PE ratio of 71.38 and a beta of 1.20. The firm’s 50 day moving average price is $15.50 and its 200-day moving average price is $12.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27.

Equinox Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.015 per share. The ex-dividend date is Thursday, March 12th. This represents a $0.06 annualized dividend and a yield of 0.4%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Stifel Nicolaus started coverage on shares of Equinox Gold in a research report on Tuesday, December 2nd. They set a “buy” rating for the company. Finally, Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $17.00.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.