SBI Securities Co. Ltd. Purchases 4,479 Shares of Equinox Gold Corp. $EQX

SBI Securities Co. Ltd. lifted its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 2,054.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,697 shares of the company’s stock after purchasing an additional 4,479 shares during the period. SBI Securities Co. Ltd.’s holdings in Equinox Gold were worth $27,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd bought a new position in Equinox Gold in the 1st quarter worth approximately $937,000. Cetera Investment Advisers increased its position in Equinox Gold by 42.1% during the first quarter. Cetera Investment Advisers now owns 26,874 shares of the company’s stock worth $185,000 after acquiring an additional 7,962 shares during the period. TD Asset Management Inc raised its stake in Equinox Gold by 4.4% during the 1st quarter. TD Asset Management Inc now owns 1,382,033 shares of the company’s stock valued at $9,497,000 after purchasing an additional 58,242 shares during the last quarter. LPL Financial LLC boosted its holdings in Equinox Gold by 50.1% in the 1st quarter. LPL Financial LLC now owns 646,649 shares of the company’s stock valued at $4,449,000 after purchasing an additional 215,927 shares during the period. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Equinox Gold in the 1st quarter valued at $69,000. Institutional investors own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EQX. Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $11.00 to $17.00 in a research report on Wednesday, September 10th. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. Two 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, Equinox Gold has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Equinox Gold Trading Up 1.2%

EQX stock opened at $12.60 on Wednesday. Equinox Gold Corp. has a 1-year low of $4.95 and a 1-year high of $13.53. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $11.35 and its 200-day moving average is $8.41. The firm has a market cap of $9.89 billion, a P/E ratio of 252.05 and a beta of 1.11.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating 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. The business’s quarterly revenue was up 91.2% on a year-over-year basis. Equities analysts anticipate that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

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.