Equinox Gold Corp. $EQX Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. decreased its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579,201 shares of the company’s stock after selling 35,388 shares during the quarter. Raymond James Financial Inc. owned 0.13% of Equinox Gold worth $3,985,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in shares of Equinox Gold in the 4th quarter worth approximately $95,000. Vanguard Group Inc. grew its position in shares of Equinox Gold by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company’s stock worth $102,082,000 after acquiring an additional 1,029,738 shares in the last quarter. Deutsche Bank AG grew its position in shares of Equinox Gold by 67.1% in the 4th quarter. Deutsche Bank AG now owns 39,222 shares of the company’s stock worth $197,000 after acquiring an additional 15,749 shares in the last quarter. Bank of America Corp DE grew its position in shares of Equinox Gold by 134.2% in the 4th quarter. Bank of America Corp DE now owns 327,058 shares of the company’s stock worth $1,642,000 after acquiring an additional 187,432 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Equinox Gold by 16.3% in the 4th quarter. Wells Fargo & Company MN now owns 20,358 shares of the company’s stock worth $102,000 after acquiring an additional 2,855 shares in 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 subject of several research reports. CIBC reiterated a “neutral” rating on shares of Equinox Gold in a research report on Tuesday, July 15th. TD Securities upgraded Equinox Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, July 16th. Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets initiated coverage on Equinox Gold in a research note on Wednesday, June 18th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Equinox Gold Stock Performance

EQX opened at $9.78 on Friday. The firm has a market capitalization of $7.43 billion, a P/E ratio of -162.97 and a beta of 1.11. The stock’s 50 day moving average price is $6.96 and its two-hundred day moving average price is $6.71. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. Equinox Gold Corp. has a 12-month low of $4.95 and a 12-month high of $9.87.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.The company had revenue of $478.64 million during the quarter, compared to the consensus estimate of $470.00 million. During the same quarter last year, the company earned ($0.01) EPS. The company’s quarterly revenue was up 77.7% on a year-over-year basis. On average, equities analysts forecast that Equinox Gold Corp. will post 0.85 earnings per share 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.