JTC Employer Solutions Trustee Ltd Has $139,000 Stake in Equinox Gold Corp. $EQX

JTC Employer Solutions Trustee Ltd lowered its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 82.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,362 shares of the company’s stock after selling 56,763 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Equinox Gold were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Kercheville Advisors LLC acquired a new position in Equinox Gold in the 3rd quarter valued at $112,000. Allspring Global Investments Holdings LLC boosted its position in shares of Equinox Gold by 70.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company’s stock valued at $10,550,000 after acquiring an additional 390,000 shares during the period. KW Wealth Management LLC bought a new stake in shares of Equinox Gold in the third quarter valued at about $114,000. Euro Pacific Asset Management LLC grew its stake in shares of Equinox Gold by 28.3% in the third quarter. Euro Pacific Asset Management LLC now owns 1,761,429 shares of the company’s stock valued at $19,358,000 after acquiring an additional 388,523 shares in the last quarter. Finally, Bernard Wealth Management Corp. increased its position in Equinox Gold by 386.6% during the third quarter. Bernard Wealth Management Corp. now owns 49,334 shares of the company’s stock worth $554,000 after acquiring an additional 39,195 shares during the period. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $14.50 on Wednesday. The firm has a 50 day moving average of $13.25 and a 200-day moving average of $10.22. Equinox Gold Corp. has a 12 month low of $5.17 and a 12 month high of $15.10. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.39 billion, a PE ratio of 290.06 and a beta of 1.25.

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

Analyst Ratings Changes

A number of research firms have issued reports on EQX. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Stifel Canada raised Equinox Gold to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Cibc Captl Mkts lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Equinox Gold has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Equinox Gold 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.