Aviso Financial Inc. Takes $154,000 Position in Equinox Gold Corp. $EQX

Aviso Financial Inc. bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,705 shares of the company’s stock, valued at approximately $154,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake 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 valued at $102,082,000 after purchasing an additional 1,029,738 shares during the period. L1 Capital Pty Ltd grew its position in shares of Equinox Gold by 111.1% during the 1st 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 during the period. Franklin Resources Inc. boosted its position in shares of Equinox Gold by 44,440.1% in the 2nd quarter. Franklin Resources Inc. now owns 10,364,487 shares of the company’s stock worth $59,850,000 after purchasing an additional 10,341,217 shares during the last quarter. Invesco Ltd. raised its position in shares of Equinox Gold by 0.7% in the 1st quarter. Invesco Ltd. now owns 9,093,341 shares of the company’s stock valued at $62,562,000 after acquiring an additional 64,101 shares during the period. Finally, Helikon Investments Ltd increased its position in shares of Equinox Gold by 37.1% in the 2nd quarter. Helikon Investments Ltd now owns 7,699,497 shares of the company’s stock valued at $44,272,000 after buying an additional 2,084,762 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on EQX. National Bankshares reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Finally, Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $12.78 on Wednesday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 255.65 and a beta of 1.11. 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 Corp. has a twelve month low of $4.95 and a twelve month high of $13.53. The stock has a fifty day simple moving average of $11.52 and a 200 day simple moving average of $8.61.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 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 firm had revenue of $819.01 million for the quarter, compared to the consensus estimate of $607.81 million. Equinox Gold’s revenue was up 91.2% compared to the same quarter last year. Sell-side analysts expect 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.