Sumitomo Mitsui Trust Group Inc. Invests $573,000 in Equinox Gold Corp. $EQX

Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, according to its most recent filing with the SEC. The fund acquired 99,644 shares of the company’s stock, valued at approximately $573,000.

Several other large investors have also added to or reduced their stakes in the stock. Ruffer LLP grew its holdings in Equinox Gold by 322.1% during the 2nd quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock valued at $43,267,000 after buying an additional 5,722,871 shares in the last quarter. L1 Capital Pty Ltd lifted its holdings in shares of Equinox Gold by 111.1% in the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company’s stock worth $74,634,000 after buying an additional 5,710,310 shares in the last quarter. Helikon Investments Ltd boosted its position in shares of Equinox Gold by 229.3% in the first quarter. Helikon Investments Ltd now owns 5,614,735 shares of the company’s stock valued at $38,629,000 after acquiring an additional 3,909,705 shares during the period. American Century Companies Inc. grew its stake in Equinox Gold by 88.4% during the first quarter. American Century Companies Inc. now owns 3,660,928 shares of the company’s stock valued at $25,162,000 after acquiring an additional 1,717,251 shares in the last quarter. Finally, Gemsstock Ltd. grew its stake in Equinox Gold by 64.2% during the first quarter. Gemsstock Ltd. now owns 4,198,277 shares of the company’s stock valued at $28,905,000 after acquiring an additional 1,641,600 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Down 0.4%

EQX opened at $10.97 on Friday. The business’s fifty day simple moving average is $10.62 and its 200 day simple moving average is $7.95. Equinox Gold Corp. has a 52 week low of $4.95 and a 52 week high of $12.93. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. The stock has a market cap of $8.60 billion, a PE ratio of -182.80 and a beta of 1.14.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results 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 business had revenue of $478.64 million during the quarter, compared to analyst estimates of $470.00 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Equinox Gold’s revenue for the quarter was up 77.7% on a year-over-year basis. As a group, research analysts expect that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on EQX shares. Scotiabank reiterated a “sector perform” rating on shares of Equinox Gold in a research note on Thursday, October 23rd. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. National Bankshares reissued an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. Royal Bank Of Canada upgraded Equinox Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $11.00 to $17.00 in a research note on Wednesday, September 10th. Finally, CIBC reaffirmed a “neutral” rating on shares of Equinox Gold in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Equinox Gold has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

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.