Cibc World Market Inc. Buys 107,679 Shares of Equinox Gold Corp. $EQX

Cibc World Market Inc. grew its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 574,502 shares of the company’s stock after buying an additional 107,679 shares during the period. Cibc World Market Inc. owned 0.07% of Equinox Gold worth $6,446,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. American Capital Advisory LLC bought a new stake in Equinox Gold during the 2nd quarter worth approximately $25,000. SBI Securities Co. Ltd. increased its holdings 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 worth $27,000 after purchasing an additional 4,479 shares during the period. Kercheville Advisors LLC purchased a new stake in shares of Equinox Gold in the third quarter worth $112,000. KW Wealth Management LLC bought a new stake in Equinox Gold during the third quarter valued at $114,000. Finally, Heritage Family Offices LLP purchased a new position in Equinox Gold during the third quarter worth about $131,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Up 4.9%

EQX stock opened at $15.80 on Friday. The company has a market capitalization of $12.41 billion, a PE ratio of 316.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07. Equinox Gold Corp. has a one year low of $5.59 and a one year high of $17.40. The company’s 50 day moving average price is $14.76 and its two-hundred day moving average price is $11.97.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EQX shares. Stifel Nicolaus initiated coverage on Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.