SG Americas Securities LLC Has $1.40 Million Stake in Equinox Gold Corp. $EQX

SG Americas Securities LLC reduced its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 27.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 243,921 shares of the company’s stock after selling 92,969 shares during the quarter. SG Americas Securities LLC’s holdings in Equinox Gold were worth $1,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EQX. Vanguard Group Inc. raised its position in shares of Equinox Gold by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company’s stock valued at $102,082,000 after acquiring an additional 1,029,738 shares during the period. L1 Capital Pty Ltd grew its holdings in Equinox Gold by 111.1% during the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company’s stock valued at $74,634,000 after purchasing an additional 5,710,310 shares during the period. Invesco Ltd. increased its stake in Equinox Gold by 0.7% in the first quarter. Invesco Ltd. now owns 9,093,341 shares of the company’s stock valued at $62,562,000 after purchasing an additional 64,101 shares in the last quarter. Helikon Investments Ltd raised its holdings in Equinox Gold by 37.1% in the second quarter. Helikon Investments Ltd now owns 7,699,497 shares of the company’s stock worth $44,272,000 after purchasing an additional 2,084,762 shares during the period. Finally, Ruffer LLP boosted its position in shares of Equinox Gold by 322.1% during the second quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock worth $43,267,000 after purchasing an additional 5,722,871 shares in the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Price Performance

Shares of EQX opened at $12.12 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Equinox Gold Corp. has a twelve month low of $4.95 and a twelve month high of $13.53. The stock has a market capitalization of $9.51 billion, a P/E ratio of 242.45 and a beta of 1.11. The company has a 50 day moving average of $11.42 and a 200-day moving average of $8.46.

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

Wall Street Analysts Forecast Growth

EQX has been the subject of a number of recent analyst reports. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. National Bankshares reissued an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. TD Securities reaffirmed a “buy” rating on shares of Equinox Gold in a research report on Friday, September 5th. Finally, Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equinox Gold currently has an average rating of “Moderate Buy” and a consensus 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.