Eagle Global Advisors LLC Raises Holdings in Equinox Gold Corp. $EQX

Eagle Global Advisors LLC lifted its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 28.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 42,000 shares of the company’s stock after acquiring an additional 9,400 shares during the period. Eagle Global Advisors LLC’s holdings in Equinox Gold were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EQX. Tobam purchased a new stake in Equinox Gold in the first quarter valued at approximately $29,000. BNP Paribas Financial Markets purchased a new stake in Equinox Gold in the 4th quarter worth approximately $47,000. Continuum Advisory LLC boosted its position in Equinox Gold by 53.3% in the 1st quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock worth $52,000 after purchasing an additional 2,620 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Equinox Gold in the 1st quarter worth approximately $69,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Equinox Gold during the 2nd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EQX. Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research note 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. BMO Capital Markets began coverage on Equinox Gold in a research note on Wednesday, June 18th. They issued an “outperform” rating for the company. National Bankshares reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. Finally, TD Securities reaffirmed a “buy” rating on shares of Equinox Gold in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Equinox Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Equinox Gold Stock Up 1.4%

Shares of NYSEAMERICAN:EQX opened at $10.79 on Friday. The business has a 50-day moving average price of $8.33 and a 200 day moving average price of $7.12. 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 capitalization of $8.45 billion, a price-to-earnings ratio of -179.80 and a beta of 1.11. Equinox Gold Corp. has a 12-month low of $4.95 and a 12-month high of $11.15.

Equinox Gold (NYSEAMERICAN:EQX) last issued 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 positive return on equity of 3.54% and a negative net margin of 1.21%.The firm had revenue of $478.64 million during the quarter, compared to the consensus estimate of $470.00 million. During the same period last year, the company earned ($0.01) EPS. The company’s quarterly revenue was up 77.7% on a year-over-year basis. Sell-side analysts expect that Equinox Gold Corp. will post 0.85 EPS for the current year.

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.