Equinox Gold Corp. $EQX Stock Holdings Lifted by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lifted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 286.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,862 shares of the company’s stock after acquiring an additional 36,962 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Equinox Gold were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EQX. Donald Smith & CO. Inc. boosted its position in shares of Equinox Gold by 11.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 26,507,615 shares of the company’s stock valued at $152,419,000 after purchasing an additional 2,643,856 shares during the period. L1 Capital Pty Ltd lifted its stake in Equinox Gold by 120.4% during the second quarter. L1 Capital Pty Ltd now owns 23,908,865 shares of the company’s stock valued at $137,476,000 after buying an additional 13,060,846 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in shares of Equinox Gold by 102.1% in the second quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock worth $82,398,000 after buying an additional 7,229,260 shares during the period. Invesco Ltd. increased its position in shares of Equinox Gold by 19.0% in the second quarter. Invesco Ltd. now owns 10,824,459 shares of the company’s stock worth $62,241,000 after acquiring an additional 1,731,118 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Equinox Gold by 44,440.1% in the second quarter. Franklin Resources Inc. now owns 10,364,487 shares of the company’s stock worth $59,850,000 after acquiring an additional 10,341,217 shares in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Up 3.1%

EQX opened at $16.34 on Thursday. The company has a market capitalization of $12.84 billion, a PE ratio of 326.87 and a beta of 1.24. 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 Corp. has a fifty-two week low of $5.59 and a fifty-two week high of $17.40. The business has a 50-day moving average of $14.70 and a 200-day moving average of $11.84.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Zacks Research lowered Equinox Gold from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Cibc Captl Mkts cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Stifel Nicolaus initiated coverage on Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating on the stock. Finally, Canadian Imperial Bank of Commerce raised Equinox Gold from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Equinox Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.