Nuveen LLC Invests $2.16 Million in Equinox Gold Corp. $EQX

Nuveen LLC acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 314,557 shares of the company’s stock, valued at approximately $2,162,000. Nuveen LLC owned approximately 0.07% of Equinox Gold at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tobam bought a new stake in shares of Equinox Gold during the first quarter valued at approximately $29,000. BNP Paribas Financial Markets purchased a new stake in shares of Equinox Gold in the 4th quarter worth $47,000. Continuum Advisory LLC grew its position in shares of Equinox Gold by 53.3% during the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock worth $52,000 after buying an additional 2,620 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of Equinox Gold during the first quarter valued at $69,000. Finally, Veracity Capital LLC raised its holdings in shares of Equinox Gold by 14.2% in the first quarter. Veracity Capital LLC now owns 12,589 shares of the company’s stock valued at $87,000 after acquiring an additional 1,564 shares in the last quarter. 38.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQX has been the topic of several recent research reports. Cormark raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. TD Securities raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Wednesday, July 16th. BMO Capital Markets began coverage on Equinox Gold in a report on Wednesday, June 18th. They issued an “outperform” rating on the stock. CIBC reissued a “neutral” rating on shares of Equinox Gold in a research report on Tuesday, July 15th. Finally, Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Equinox Gold Stock Up 5.9%

Shares of NYSEAMERICAN:EQX opened at $8.76 on Friday. The firm has a market capitalization of $6.66 billion, a PE ratio of -145.98 and a beta of 1.10. Equinox Gold Corp. has a 1 year low of $4.95 and a 1 year high of $8.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.94 and a quick ratio of 0.53. The firm’s 50-day moving average is $6.63 and its two-hundred day moving average is $6.60.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.11 EPS for the quarter, beating 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 3.54%. The company had revenue of $478.64 million during the quarter, compared to analysts’ expectations of $470.00 million. During the same quarter last year, the company posted ($0.01) EPS. The firm’s revenue was up 77.7% compared to the same quarter last year. Analysts predict 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.