SG Americas Securities LLC Purchases 320,713 Shares of Equinox Gold Corp. $EQX

SG Americas Securities LLC boosted its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 131.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564,634 shares of the company’s stock after purchasing an additional 320,713 shares during the period. SG Americas Securities LLC owned about 0.07% of Equinox Gold worth $6,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Capital Advisory LLC purchased a new position in shares of Equinox Gold during the second quarter valued at approximately $25,000. SBI Securities Co. Ltd. boosted its holdings in Equinox Gold by 2,054.6% in the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after acquiring an additional 4,479 shares in the last quarter. ORG Partners LLC increased its position in Equinox Gold by 191.2% during the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock valued at $43,000 after purchasing an additional 4,970 shares during the period. Bernard Wealth Management Corp. bought a new position in Equinox Gold in the 2nd quarter worth $58,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Equinox Gold in the 2nd quarter worth about $69,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Down 3.3%

NYSEAMERICAN:EQX opened at $14.16 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07. The firm has a market cap of $11.12 billion, a P/E ratio of 283.26 and a beta of 1.25. Equinox Gold Corp. has a fifty-two week low of $5.57 and a fifty-two week high of $15.10. The firm has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $10.37.

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

Analyst Upgrades and Downgrades

EQX has been the topic of several research analyst reports. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Cibc Captl Mkts downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Stifel Canada upgraded Equinox Gold to a “strong-buy” rating in a research note on Monday, December 1st. Stifel Nicolaus started coverage on Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating on the stock. Finally, Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Equinox Gold Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.