Aegis Financial Corp Has $27.82 Million Stock Position in Equinox Gold Corp. $EQX

Aegis Financial Corp lifted its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 88.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,828,363 shares of the company’s stock after purchasing an additional 2,259,718 shares during the period. Equinox Gold accounts for approximately 16.4% of Aegis Financial Corp’s investment portfolio, making the stock its 2nd biggest holding. Aegis Financial Corp owned approximately 0.64% of Equinox Gold worth $27,817,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EQX. American Capital Advisory LLC acquired a new position in Equinox Gold in the 2nd quarter valued at $25,000. SBI Securities Co. Ltd. boosted its position in shares of Equinox Gold by 2,054.6% in the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after acquiring an additional 4,479 shares during the period. ORG Partners LLC grew its stake in shares of Equinox Gold by 191.2% in the second quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock valued at $43,000 after acquiring an additional 4,970 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in Equinox Gold during the second quarter worth about $58,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Equinox Gold in the 1st quarter worth about $69,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $12.75 on Friday. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 255.05 and a beta of 1.11. Equinox Gold Corp. has a twelve month low of $4.95 and a twelve month high of $13.53. The company’s fifty day moving average is $11.25 and its 200 day moving average is $8.31. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The business had revenue of $819.01 million during the quarter, compared to analyst estimates of $607.81 million. Equinox Gold’s quarterly revenue was up 91.2% on a year-over-year basis. Sell-side analysts forecast that Equinox Gold Corp. will post 0.85 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on EQX shares. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Royal Bank Of Canada raised Equinox Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $11.00 to $17.00 in a report on Wednesday, September 10th. Finally, National Bankshares reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.