Dynamic Technology Lab Private Ltd Has $1.12 Million Stock Holdings in Equinox Gold Corp. $EQX

Dynamic Technology Lab Private Ltd grew its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 92.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 162,043 shares of the company’s stock after purchasing an additional 78,011 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Equinox Gold were worth $1,115,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Veracity Capital LLC boosted its stake in shares of Equinox Gold by 14.2% in the 1st quarter. Veracity Capital LLC now owns 12,589 shares of the company’s stock valued at $87,000 after purchasing an additional 1,564 shares in the last quarter. Rathbones Group PLC lifted its position in Equinox Gold by 1.7% during the 1st quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock worth $743,000 after buying an additional 1,825 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Equinox Gold by 2.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock worth $592,000 after buying an additional 1,990 shares in the last quarter. Continuum Advisory LLC lifted its position in Equinox Gold by 53.3% during the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock worth $52,000 after buying an additional 2,620 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Equinox Gold by 16.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,358 shares of the company’s stock worth $102,000 after buying an additional 2,855 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Equinox Gold stock opened at $9.78 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.53 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.44 billion, a PE ratio of -162.97 and a beta of 1.11. The company’s 50-day moving average is $6.96 and its two-hundred day moving average is $6.71. Equinox Gold Corp. has a 1 year low of $4.95 and a 1 year high of $9.87.

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

Analyst Upgrades and Downgrades

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

About Equinox Gold

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.