Vident Advisory LLC Takes $74,000 Position in Equinox Gold Corp. $EQX

Vident Advisory LLC acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,776 shares of the company’s stock, valued at approximately $74,000.

Several other hedge funds also recently modified their holdings of EQX. Tobam bought a new stake in shares of Equinox Gold in the first quarter valued at approximately $29,000. BNP Paribas Financial Markets bought a new stake in shares of Equinox Gold in the fourth quarter valued at approximately $47,000. Continuum Advisory LLC boosted its position 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 acquiring an additional 2,620 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of Equinox Gold in the first quarter valued at approximately $69,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Equinox Gold in the first quarter valued at approximately $79,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

Equinox Gold stock opened at $10.97 on Friday. 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 stock has a fifty day moving average price of $7.33 and a two-hundred day moving average price of $6.81. Equinox Gold Corp. has a 52-week low of $4.95 and a 52-week high of $11.02. The firm has a market capitalization of $8.34 billion, a P/E ratio of -182.80 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $478.64 million during the quarter, compared to analyst estimates of $470.00 million. During the same period in the prior year, the company posted ($0.01) earnings per share. The business’s revenue for the quarter was up 77.7% compared to the same quarter last year. As a group, analysts anticipate that Equinox Gold Corp. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EQX has been the subject of several research reports. CIBC reissued a “neutral” rating on shares of Equinox Gold in a research report on Tuesday, July 15th. Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. TD Securities restated a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. Royal Bank Of Canada upgraded Equinox Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $11.00 to $17.00 in a research note on Wednesday. Finally, National Bankshares restated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Equinox Gold Company 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.