Scotia Capital Inc. Boosts Stock Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Scotia Capital Inc. raised its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX – Get Rating) by 73.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,858 shares of the company’s stock after acquiring an additional 29,136 shares during the period. Scotia Capital Inc.’s holdings in Equinox Gold were worth $224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Equinox Gold by 39.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,755 shares of the company’s stock worth $213,000 after buying an additional 7,250 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Equinox Gold by 52.0% during the 1st quarter. Bank of New York Mellon Corp now owns 16,657 shares of the company’s stock worth $138,000 after buying an additional 5,701 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Equinox Gold by 4.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock worth $485,000 after buying an additional 2,669 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Equinox Gold by 153.3% during the 1st quarter. HighTower Advisors LLC now owns 25,442 shares of the company’s stock worth $210,000 after buying an additional 15,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Equinox Gold by 5.8% during 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 in the last quarter. 29.56% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Price Performance

EQX stock opened at $4.90 on Monday. Equinox Gold Corp. has a 52-week low of $2.35 and a 52-week high of $6.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.11 and a current ratio of 3.30.

Equinox Gold (NYSEAMERICAN:EQX – Get Rating) last issued its earnings results on Tuesday, February 21st. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Equinox Gold had a negative return on equity of 3.23% and a negative net margin of 7.14%. The firm had revenue of $259.30 million for the quarter. Equities research analysts forecast that Equinox Gold Corp. will post 0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EQX. Scotiabank dropped their price objective on Equinox Gold from C$6.50 to C$5.75 in a research note on Thursday, February 23rd. CIBC raised their price objective on Equinox Gold from C$4.20 to C$5.70 in a research note on Tuesday, February 7th. TD Securities lowered their target price on Equinox Gold from C$8.00 to C$7.50 in a report on Thursday, February 23rd. BMO Capital Markets lowered their target price on Equinox Gold from C$7.50 to C$6.50 in a report on Thursday, February 23rd. Finally, National Bank Financial lowered their target price on Equinox Gold from C$6.25 to C$6.00 in a report on Tuesday, February 14th.

Equinox Gold Company Profile

(Get Rating)

Equinox Gold Corp. is a growth-focused mining company, which engages in the exploration of gold mining properties. Its projects include Greenstone Project, Los Filos Expansion, Aurizona Expansion, and Castle Mountain Expansion. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.