Vontobel Holding Ltd. Purchases New Stake in Equinox Gold Corp. $EQX

Vontobel Holding Ltd. bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 241,500 shares of the company’s stock, valued at approximately $1,395,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rathbones Group PLC increased its stake in Equinox Gold by 1.7% during the first quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock valued at $743,000 after purchasing an additional 1,825 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Equinox Gold by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock valued at $592,000 after purchasing an additional 1,990 shares during the last quarter. Continuum Advisory LLC increased its stake in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock valued at $52,000 after purchasing an additional 2,620 shares during the last quarter. 111 Capital increased its stake in Equinox Gold by 7.1% during the second quarter. 111 Capital now owns 58,092 shares of the company’s stock valued at $336,000 after purchasing an additional 3,874 shares during the last quarter. Finally, Tobam bought a new stake in Equinox Gold during the first quarter valued at $29,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX stock opened at $11.65 on Friday. The company has a market capitalization of $9.12 billion, a P/E ratio of -194.13 and a beta of 1.14. The company has a 50-day simple moving average of $9.33 and a 200 day simple moving average of $7.43. Equinox Gold Corp. has a fifty-two week low of $4.95 and a fifty-two week high of $12.22. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. The business had revenue of $478.64 million during the quarter, compared to the consensus estimate of $470.00 million. Equinox Gold had a negative net margin of 1.21% and a positive return on equity of 3.54%. The company’s quarterly revenue was up 77.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Sell-side analysts predict that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. BMO Capital Markets began coverage on shares of Equinox Gold in a research report on Wednesday, June 18th. They set an “outperform” rating for the company. CIBC restated a “neutral” rating on shares of Equinox Gold in a research report on Tuesday, July 15th. Finally, National Bankshares restated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.00.

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.