SBI Securities Co. Ltd. Has $27,000 Stake in Equinox Gold Corp. $EQX

SBI Securities Co. Ltd. lifted its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 2,054.6% during the 2nd quarter, Holdings Channel reports. The fund owned 4,697 shares of the company’s stock after acquiring an additional 4,479 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Equinox Gold were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQX. Profund Advisors LLC raised its position in Equinox Gold by 66.4% in the 2nd quarter. Profund Advisors LLC now owns 60,785 shares of the company’s stock valued at $350,000 after purchasing an additional 24,265 shares during the last quarter. Rathbones Group PLC increased its stake in shares of Equinox Gold by 1.7% in the second quarter. Rathbones Group PLC now owns 109,993 shares of the company’s stock valued at $633,000 after buying an additional 1,864 shares in the last quarter. Credit Industriel ET Commercial bought a new position in shares of Equinox Gold in the second quarter valued at about $149,000. PCJ Investment Counsel Ltd. lifted its position in Equinox Gold by 3.0% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 444,360 shares of the company’s stock worth $2,570,000 after buying an additional 13,030 shares in the last quarter. Finally, Harvest Portfolios Group Inc. grew its holdings in Equinox Gold by 60.6% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 130,826 shares of the company’s stock worth $755,000 after acquiring an additional 49,384 shares during the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Price Performance

EQX opened at $12.60 on Wednesday. The company has a fifty day moving average price of $11.35 and a two-hundred day moving average price of $8.41. The firm has a market capitalization of $9.89 billion, a PE ratio of 252.05 and a beta of 1.11. Equinox Gold Corp. has a 52 week low of $4.95 and a 52 week high of $13.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07.

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 return on equity of 5.57% and a net margin of 2.71%.The business had revenue of $819.01 million for the quarter, compared to analyst estimates of $607.81 million. Equinox Gold’s quarterly revenue was up 91.2% compared to the same quarter last year. As a group, analysts anticipate that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. Cormark upgraded shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. National Bankshares reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company 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.