Waratah Capital Advisors Ltd. Lowers Stock Position in Equinox Gold Corp. $EQX

Waratah Capital Advisors Ltd. reduced its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 78.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 431,193 shares of the company’s stock after selling 1,534,682 shares during the quarter. Waratah Capital Advisors Ltd. owned about 0.06% of Equinox Gold worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in Equinox Gold during the 2nd quarter valued at approximately $25,000. SBI Securities Co. Ltd. boosted its holdings in shares of Equinox Gold by 2,054.6% during the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after acquiring an additional 4,479 shares during the period. ORG Partners LLC grew its position in shares of Equinox Gold by 191.2% during the second quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock worth $43,000 after acquiring an additional 4,970 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Equinox Gold in the 2nd quarter worth about $58,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Equinox Gold in the 1st quarter valued at about $69,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

Shares of EQX opened at $12.75 on Friday. The stock has a market cap of $10.01 billion, a P/E ratio of 255.05 and a beta of 1.11. Equinox Gold Corp. has a 1 year low of $4.95 and a 1 year high of $13.53. The stock’s 50-day moving average price is $11.25 and its two-hundred day moving average price is $8.31. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The company had revenue of $819.01 million during the quarter, compared to analysts’ expectations of $607.81 million. The firm’s revenue for the quarter was up 91.2% on a year-over-year basis. On average, equities analysts predict that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on EQX. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Royal Bank Of Canada upgraded shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $11.00 to $17.00 in a report on Wednesday, September 10th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research report on Friday, September 5th. Finally, National Bankshares reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equinox Gold presently has an average rating of “Moderate Buy” and an average target price of $26.00.

Equinox Gold 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.