Groupe la Francaise Trims Holdings in Equinox Gold Corp. $EQX

Groupe la Francaise trimmed its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 17.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,000 shares of the company’s stock after selling 120,000 shares during the quarter. Groupe la Francaise owned about 0.07% of Equinox Gold worth $3,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EQX. American Capital Advisory LLC purchased a new stake in Equinox Gold in the second quarter worth about $25,000. SBI Securities Co. Ltd. grew its stake in shares of Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock worth $27,000 after buying an additional 4,479 shares during the last quarter. ORG Partners LLC increased its position in Equinox Gold by 191.2% during the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock valued at $43,000 after buying an additional 4,970 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in Equinox Gold during the 2nd quarter valued at approximately $58,000. Finally, Farther Finance Advisors LLC purchased a new position in Equinox Gold during the second quarter valued at $69,000. Institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

EQX has been the subject of several analyst reports. Stifel Nicolaus assumed coverage on Equinox Gold in a report on Tuesday. They set a “buy” rating for the company. Scotiabank upgraded shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Stifel Canada upgraded shares of Equinox Gold to a “strong-buy” rating in a research note on Monday. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Royal Bank Of Canada upgraded shares of 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. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $26.00.

Equinox Gold Trading Down 1.0%

Equinox Gold stock opened at $13.78 on Thursday. Equinox Gold Corp. has a one year low of $4.95 and a one year high of $14.27. The business’s fifty day moving average is $11.90 and its 200 day moving average is $8.92. The stock has a market capitalization of $10.81 billion, a PE ratio of 275.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $819.01 million during the quarter, compared to analyst estimates of $607.81 million. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The business’s revenue for the quarter was up 91.2% on a year-over-year basis. On average, sell-side analysts predict 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.