Cetera Investment Advisers Invests $95,000 in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Cetera Investment Advisers purchased a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,912 shares of the company’s stock, valued at approximately $95,000.

A number of other hedge funds have also made changes to their positions in the stock. Donald Smith & CO. Inc. lifted its stake in Equinox Gold by 49.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company’s stock worth $135,540,000 after purchasing an additional 8,949,544 shares during the last quarter. Vanguard Group Inc. lifted its stake in Equinox Gold by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company’s stock worth $69,626,000 after purchasing an additional 236,455 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Equinox Gold by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company’s stock worth $45,985,000 after purchasing an additional 750,300 shares during the last quarter. Invesco Ltd. lifted its stake in Equinox Gold by 41.3% in the fourth quarter. Invesco Ltd. now owns 9,029,240 shares of the company’s stock valued at $45,327,000 after buying an additional 2,640,109 shares during the last quarter. Finally, Amundi lifted its stake in Equinox Gold by 19.7% in the fourth quarter. Amundi now owns 2,885,004 shares of the company’s stock valued at $14,483,000 after buying an additional 474,361 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

EQX has been the topic of a number of recent research reports. National Bank Financial upgraded Equinox Gold to a “strong-buy” rating in a research note on Friday, March 21st. TD Securities raised shares of Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th. Finally, TD Cowen started coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 target price on the stock.

Equinox Gold Trading Up 3.8%

NYSEAMERICAN:EQX opened at $6.88 on Tuesday. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.45. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 12.74 and a beta of 1.33. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $6.54 and its 200-day moving average is $6.11.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.19). The firm had revenue of $423.72 million during the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a return on equity of 3.20% and a net margin of 17.81%. The firm’s revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) EPS. Equities analysts anticipate that Equinox Gold Corp. will post 0.85 EPS for the current year.

About Equinox Gold

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.