Amundi Buys 158,465 Shares of Equinox Gold Corp. $EQX

Amundi raised its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,928,276 shares of the company’s stock after buying an additional 158,465 shares during the quarter. Amundi’s holdings in Equinox Gold were worth $17,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Equinox Gold by 7.4% in the first 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 increased its holdings in Equinox Gold by 111.1% during the 1st quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company’s stock worth $74,634,000 after acquiring an additional 5,710,310 shares during the period. Invesco Ltd. lifted its stake in Equinox Gold by 19.0% in the 2nd quarter. Invesco Ltd. now owns 10,824,459 shares of the company’s stock worth $62,241,000 after purchasing an additional 1,731,118 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Equinox Gold by 44,440.1% in the 2nd quarter. Franklin Resources Inc. now owns 10,364,487 shares of the company’s stock valued at $59,850,000 after purchasing an additional 10,341,217 shares during the period. Finally, Helikon Investments Ltd boosted its holdings in Equinox Gold by 37.1% in the 2nd quarter. Helikon Investments Ltd now owns 7,699,497 shares of the company’s stock valued at $44,272,000 after purchasing an additional 2,084,762 shares during the period. 38.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Canada raised shares of Equinox Gold to a “strong-buy” rating in a report on Monday, December 1st. Stifel Nicolaus initiated coverage on Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating on the stock. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, TD Securities restated a “buy” rating on shares of Equinox Gold in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $26.00.

Equinox Gold Trading Up 2.6%

Shares of EQX stock opened at $14.38 on Thursday. The business has a 50-day moving average price of $12.20 and a two-hundred day moving average price of $9.18. Equinox Gold Corp. has a 12-month low of $4.95 and a 12-month high of $14.49. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $11.28 billion, a P/E ratio of 287.66 and a beta of 1.25.

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