AE Wealth Management LLC Invests $49,000 in Equinox Gold Corp. (NYSEAMERICAN:EQX)

AE Wealth Management LLC bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,293 shares of the company’s stock, valued at approximately $49,000.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its stake in Equinox Gold by 39.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,755 shares of the company’s stock worth $213,000 after purchasing an additional 7,250 shares during the period. Bank of New York Mellon Corp increased its position in shares of Equinox Gold by 52.0% during the first quarter. Bank of New York Mellon Corp now owns 16,657 shares of the company’s stock worth $138,000 after acquiring an additional 5,701 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Equinox Gold by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock valued at $485,000 after purchasing an additional 2,669 shares in the last quarter. HighTower Advisors LLC raised its position in Equinox Gold by 153.3% during the 1st quarter. HighTower Advisors LLC now owns 25,442 shares of the company’s stock valued at $210,000 after purchasing an additional 15,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Equinox Gold by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company’s stock worth $377,000 after buying an additional 2,500 shares during the period. Institutional investors own 29.56% of the company’s stock.

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $4.40 on Friday. Equinox Gold Corp. has a fifty-two week low of $2.35 and a fifty-two week high of $9.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.67 and a quick ratio of 1.65. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -40.00 and a beta of 1.02.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $245.10 million during the quarter. Equinox Gold had a negative return on equity of 0.97% and a negative net margin of 1.65%. As a group, equities research analysts forecast that Equinox Gold Corp. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank lifted their price objective on Equinox Gold from C$6.00 to C$6.50 in a report on Wednesday. CIBC lowered shares of Equinox Gold from a “neutral” rating to a “sector underperform” rating in a report on Thursday, January 12th. Royal Bank of Canada downgraded shares of Equinox Gold from a “sector perform” rating to an “underperform” rating in a research note on Monday, October 24th. TD Securities dropped their target price on Equinox Gold from C$8.00 to C$6.00 in a research report on Friday, November 4th. Finally, National Bank Financial upped their price objective on Equinox Gold from C$5.50 to C$6.25 in a research note on Friday, January 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.86.

Equinox Gold Profile

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Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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Institutional Ownership by Quarter for Equinox Gold (NYSEAMERICAN:EQX)

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