Equinox Gold Corp. $EQX Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,852,614 shares of the company’s stock after purchasing an additional 1,029,738 shares during the period. Vanguard Group Inc. owned approximately 3.26% of Equinox Gold worth $102,082,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EQX. Tobam acquired a new position in shares of Equinox Gold in the first quarter valued at about $29,000. Parvin Asset Management LLC acquired a new position in shares of Equinox Gold in the fourth quarter valued at about $38,000. BNP Paribas Financial Markets acquired a new position in shares of Equinox Gold in the fourth quarter valued at about $47,000. Continuum Advisory LLC increased its holdings in shares of Equinox Gold by 53.3% in the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock valued at $52,000 after purchasing an additional 2,620 shares during the period. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Equinox Gold in the first quarter valued at about $69,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EQX. BMO Capital Markets began coverage on Equinox Gold in a report on Wednesday, June 18th. They issued an “outperform” rating on the stock. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. TD Securities raised Equinox Gold from a “hold” rating to a “buy” rating in a report on Wednesday, July 16th. CIBC reaffirmed a “neutral” rating on shares of Equinox Gold in a report on Tuesday, July 15th. Finally, Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Equinox Gold Stock Up 1.5%

Equinox Gold stock opened at $8.02 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of -133.64 and a beta of 1.10. Equinox Gold Corp. has a 52 week low of $4.95 and a 52 week high of $8.16. The business’s 50-day moving average price is $6.43 and its 200 day moving average price is $6.51. The company has a quick ratio of 0.50, a current ratio of 0.94 and a debt-to-equity ratio of 0.29.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, August 13th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. The firm had revenue of $478.64 million for the quarter, compared to analyst estimates of $470.00 million. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.Equinox Gold’s revenue for the quarter was up 77.7% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. As a group, sell-side analysts anticipate that Equinox Gold Corp. will post 0.85 earnings per share 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.