Signature Estate & Investment Advisors LLC Takes $962,000 Position in Equinox Gold Corp. $EQX

Signature Estate & Investment Advisors LLC purchased a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 85,757 shares of the company’s stock, valued at approximately $962,000.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Equinox Gold by 232.7% during the first quarter. Royal Bank of Canada now owns 558,605 shares of the company’s stock valued at $3,843,000 after buying an additional 390,690 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Equinox Gold during the first quarter valued at approximately $6,883,000. Goldman Sachs Group Inc. lifted its position in shares of Equinox Gold by 35.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company’s stock valued at $12,812,000 after acquiring an additional 490,251 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Equinox Gold by 164.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company’s stock worth $5,367,000 after purchasing an additional 485,567 shares during the period. Finally, Truist Financial Corp acquired a new stake in Equinox Gold during the 2nd quarter valued at $76,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EQX shares. Canadian Imperial Bank of Commerce upgraded Equinox Gold from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Equinox Gold in a research note on Tuesday, January 27th. Stifel Nicolaus started coverage on Equinox Gold in a report on Tuesday, December 2nd. They issued a “buy” rating on the stock. Finally, Cibc Captl Mkts cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.00.

Equinox Gold Stock Performance

EQX opened at $14.56 on Monday. 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 company has a market cap of $11.44 billion, a PE ratio of 291.26 and a beta of 1.24. The stock has a 50-day moving average of $14.58 and a 200-day moving average of $11.68. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week high of $17.40.

Equinox Gold Company 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.