140,662 Shares in Equinox Gold Corp. $EQX Bought by Eschler Asset Management LLP

Eschler Asset Management LLP acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 140,662 shares of the company’s stock, valued at approximately $968,000. Equinox Gold makes up about 2.4% of Eschler Asset Management LLP’s holdings, making the stock its 14th largest holding.

A number of other large investors have also recently made changes to their positions in EQX. L1 Capital Pty Ltd lifted its stake in shares of Equinox Gold by 111.1% in the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company’s stock valued at $74,634,000 after buying an additional 5,710,310 shares in the last quarter. Helikon Investments Ltd lifted its stake in shares of Equinox Gold by 229.3% in the first quarter. Helikon Investments Ltd now owns 5,614,735 shares of the company’s stock valued at $38,629,000 after buying an additional 3,909,705 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Equinox Gold by 42.6% in the fourth quarter. Mackenzie Financial Corp now owns 7,008,149 shares of the company’s stock valued at $35,260,000 after buying an additional 2,093,437 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Equinox Gold by 88.4% in the first quarter. American Century Companies Inc. now owns 3,660,928 shares of the company’s stock valued at $25,162,000 after buying an additional 1,717,251 shares in the last quarter. Finally, Gemsstock Ltd. lifted its stake in shares of Equinox Gold by 64.2% in the first quarter. Gemsstock Ltd. now owns 4,198,277 shares of the company’s stock valued at $28,905,000 after buying an additional 1,641,600 shares in the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $9.11 on Thursday. Equinox Gold Corp. has a 52-week low of $4.95 and a 52-week high of $9.32. The company has a 50-day simple moving average of $6.82 and a 200 day simple moving average of $6.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.94. The company has a market capitalization of $6.92 billion, a PE ratio of -151.81 and a beta of 1.11.

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

Analysts Set New Price Targets

EQX has been the topic of a number of recent research reports. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. CIBC reissued a “neutral” rating on shares of Equinox Gold in a research report on Tuesday, July 15th. Cormark raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. TD Securities raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, July 16th. Finally, National Bankshares reissued an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Equinox Gold presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Equinox Gold 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.