Euro Pacific Asset Management LLC Buys 282,562 Shares of Equinox Gold Corp. $EQX

Euro Pacific Asset Management LLC boosted its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 25.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,372,906 shares of the company’s stock after acquiring an additional 282,562 shares during the period. Equinox Gold accounts for 1.3% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 27th largest holding. Euro Pacific Asset Management LLC owned about 0.18% of Equinox Gold worth $7,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rathbones Group PLC lifted its position in shares of Equinox Gold by 1.7% in the 1st quarter. Rathbones Group PLC now owns 108,129 shares of the company’s stock worth $743,000 after purchasing an additional 1,825 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Equinox Gold by 2.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company’s stock valued at $592,000 after buying an additional 1,990 shares during the period. Continuum Advisory LLC boosted its position in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company’s stock valued at $52,000 after acquiring an additional 2,620 shares during the last quarter. 111 Capital grew its holdings in Equinox Gold by 7.1% during the 2nd quarter. 111 Capital now owns 58,092 shares of the company’s stock worth $336,000 after acquiring an additional 3,874 shares during the period. Finally, Tobam bought a new position in shares of Equinox Gold in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX opened at $10.89 on Monday. Equinox Gold Corp. has a 1-year low of $4.95 and a 1-year high of $11.52. The company has a market cap of $8.53 billion, a price-to-earnings ratio of -181.47 and a beta of 1.14. The company’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $7.27. The company has a current ratio of 0.94, a quick ratio of 0.53 and a debt-to-equity ratio of 0.29.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BMO Capital Markets began coverage on Equinox Gold in a research report on Wednesday, June 18th. They set an “outperform” rating on the stock. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. TD Securities restated a “buy” rating on shares of Equinox Gold in a report on Friday, September 5th. National Bankshares reiterated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 15th. Finally, Royal Bank Of Canada upgraded shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $17.00 in a research report on Wednesday, September 10th. One 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 data from MarketBeat, Equinox Gold presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

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.