LPL Financial LLC Purchases 215,927 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

LPL Financial LLC grew its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 50.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 646,649 shares of the company’s stock after purchasing an additional 215,927 shares during the quarter. LPL Financial LLC owned approximately 0.14% of Equinox Gold worth $4,449,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. TD Asset Management Inc boosted its stake in shares of Equinox Gold by 4.4% in the 1st quarter. TD Asset Management Inc now owns 1,382,033 shares of the company’s stock valued at $9,497,000 after purchasing an additional 58,242 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Equinox Gold by 42.1% in the 1st quarter. Cetera Investment Advisers now owns 26,874 shares of the company’s stock valued at $185,000 after purchasing an additional 7,962 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Equinox Gold in the 1st quarter valued at $937,000. Galibier Capital Management Ltd. acquired a new position in shares of Equinox Gold during the 1st quarter valued at $3,917,000. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of Equinox Gold by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,562,929 shares of the company’s stock valued at $10,913,000 after acquiring an additional 34,373 shares during the period. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

EQX opened at $7.82 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $6.30 and its two-hundred day moving average price is $6.41. Equinox Gold Corp. has a 1-year low of $4.95 and a 1-year high of $7.90. The company has a market cap of $5.94 billion, a price-to-earnings ratio of -130.31 and a beta of 1.10.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 4.06%. The firm had revenue of $478.64 million for the quarter, compared to the consensus estimate of $470.00 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The business’s revenue was up 77.7% on a year-over-year basis. On average, analysts expect that Equinox Gold Corp. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EQX has been the topic of a number of research reports. National Bankshares reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, June 13th. BMO Capital Markets initiated coverage on shares of Equinox Gold in a research report on Wednesday, June 18th. They set an “outperform” rating on the stock. TD Securities upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, July 16th. Finally, CIBC reiterated a “neutral” rating on shares of Equinox Gold in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.00.

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.