127,520 Shares in Equinox Gold Corp. $EQX Acquired by Invst LLC

Invst LLC acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the first quarter, according to its most recent filing with the SEC. The firm acquired 127,520 shares of the company’s stock, valued at approximately $877,000.

A number of other large investors have also recently made changes to their positions in the business. Veracity Capital LLC grew its position in shares of Equinox Gold by 14.2% in the 1st quarter. Veracity Capital LLC now owns 12,589 shares of the company’s stock worth $87,000 after buying an additional 1,564 shares during the last quarter. Rathbones Group PLC grew its position in shares of Equinox Gold by 1.7% in the 1st quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock worth $743,000 after buying an additional 1,825 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Equinox Gold by 2.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock worth $592,000 after buying an additional 1,990 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Equinox Gold by 53.3% in the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock worth $52,000 after buying an additional 2,620 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Equinox Gold by 2.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 137,268 shares of the company’s stock valued at $691,000 after purchasing an additional 3,826 shares during the period. 38.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQX has been the subject of a number of research analyst reports. Royal Bank Of Canada upgraded Equinox Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $11.00 to $17.00 in a research note on Wednesday. National Bankshares restated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. TD Securities restated a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equinox Gold presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $10.61 on Friday. Equinox Gold Corp. has a fifty-two week low of $4.95 and a fifty-two week high of $11.10. The business has a 50-day simple moving average of $7.42 and a two-hundred day simple moving average of $6.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.94. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of -176.80 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, August 13th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.The business had revenue of $478.64 million during the quarter, compared to analyst estimates of $470.00 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. Equinox Gold’s revenue was up 77.7% on a year-over-year basis. On average, analysts expect that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

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.