Signature Estate & Investment Advisors LLC Buys Shares of 85,757 Equinox Gold Corp. $EQX

Signature Estate & Investment Advisors LLC acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the third quarter, according to its most recent filing with the SEC. The firm acquired 85,757 shares of the company’s stock, valued at approximately $962,000.

Several other hedge funds also recently made changes to their positions in the company. American Capital Advisory LLC purchased a new stake in Equinox Gold in the 2nd quarter valued at approximately $25,000. SBI Securities Co. Ltd. increased its holdings 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 valued at $27,000 after purchasing an additional 4,479 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new stake in shares of Equinox Gold in the second quarter valued at about $69,000. Blueshift Asset Management LLC purchased a new stake in Equinox Gold during the second quarter worth about $74,000. Finally, Truist Financial Corp acquired a new stake in shares of Equinox Gold in the 2nd quarter worth approximately $76,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Cibc Captl Mkts downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus began coverage on Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating on the stock. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Finally, Zacks Research downgraded shares of Equinox Gold from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.

Equinox Gold Stock Up 6.0%

Shares of EQX stock opened at $14.56 on Monday. Equinox Gold Corp. has a 1 year low of $5.59 and a 1 year high of $17.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07. The business’s fifty day moving average is $14.58 and its 200-day moving average is $11.68. The stock has a market cap of $11.44 billion, a PE ratio of 291.26 and a beta of 1.24.

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.