Equinox Gold Cp (NASDAQ:EQX) was the target of some unusual options trading on Thursday. Traders acquired 528 put options on the stock. This is an increase of 780% compared to the average volume of 60 put options.
Several research firms have weighed in on EQX. Stifel Nicolaus began coverage on Equinox Gold Cp in a research report on Friday, April 17th. They set a “buy” rating and a $19.00 price objective on the stock. TheStreet raised Equinox Gold Cp from a “d+” rating to a “c” rating in a research report on Friday, May 15th. Finally, Zacks Investment Research raised Equinox Gold Cp from a “hold” rating to a “strong-buy” rating and set a $9.75 price objective on the stock in a research report on Wednesday, April 29th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $12.94.
Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Equinox Gold Cp by 4,347.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,914 shares of the company’s stock worth $26,000 after acquiring an additional 3,826 shares during the last quarter. Advisor Group Inc. raised its holdings in Equinox Gold Cp by 102.6% in the 4th quarter. Advisor Group Inc. now owns 5,635 shares of the company’s stock worth $44,000 after acquiring an additional 2,854 shares during the last quarter. Legal & General Group Plc purchased a new position in Equinox Gold Cp in the 1st quarter worth approximately $52,000. Cubist Systematic Strategies LLC purchased a new position in Equinox Gold Cp in the 4th quarter worth approximately $78,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Equinox Gold Cp in the 1st quarter worth approximately $67,000.
Equinox Gold Cp (NASDAQ:EQX) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The firm had revenue of $119.00 million during the quarter.
Equinox Gold Cp Company Profile
Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona gold mine covering a total land package of approximately 2,000 square kilometers located in Maranhão State, Brazil; and the Mesquite gold mine covering a total area of 1,890 hectares and Castle Mountain property situated in California, the United States.
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