BNP Paribas Financial Markets Acquires Shares of 9,382 Equinox Gold Corp. (NYSEAMERICAN:EQX)

BNP Paribas Financial Markets acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,382 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds have also bought and sold shares of the company. Parvin Asset Management LLC bought a new position in shares of Equinox Gold in the fourth quarter worth about $38,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Equinox Gold in the fourth quarter worth about $50,000. Gamco Investors INC. ET AL bought a new position in shares of Equinox Gold in the fourth quarter worth about $56,000. Kiker Wealth Management LLC bought a new position in shares of Equinox Gold in the fourth quarter worth about $58,000. Finally, Choreo LLC bought a new position in shares of Equinox Gold in the fourth quarter worth about $63,000. Institutional investors own 38.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EQX shares. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a report on Tuesday, February 4th. National Bank Financial upgraded shares of Equinox Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, TD Cowen initiated coverage on shares of Equinox Gold in a report on Tuesday, February 4th. They set a “hold” rating and a $35.00 target price on the stock.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $6.90 on Wednesday. The firm has a market capitalization of $3.14 billion, a P/E ratio of 12.78 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 has a 50 day moving average price of $6.54 and a 200 day moving average price of $6.11. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.45.

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

Equinox Gold Profile

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.