Everett Harris & Co. CA Makes New $52,000 Investment in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Everett Harris & Co. CA purchased a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,668 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP lifted its stake in Equinox Gold by 20,288.1% in the first quarter. Quantbot Technologies LP now owns 8,563 shares of the company’s stock valued at $70,000 after buying an additional 8,521 shares during the period. First Trust Advisors LP bought a new position in shares of Equinox Gold during the 1st quarter worth about $97,000. Deutsche Bank AG acquired a new position in Equinox Gold during the 4th quarter worth approximately $41,000. Peapack Gladstone Financial Corp grew its stake in Equinox Gold by 27.5% in the first quarter. Peapack Gladstone Financial Corp now owns 13,901 shares of the company’s stock valued at $72,000 after acquiring an additional 3,000 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Equinox Gold during the second quarter worth approximately $67,000. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Stock Performance

Shares of EQX traded up $0.39 during trading hours on Thursday, reaching $6.02. 4,314,853 shares of the company’s stock traded hands, compared to its average volume of 2,238,661. Equinox Gold Corp. has a 12 month low of $3.95 and a 12 month high of $6.12. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.95 billion, a PE ratio of 66.89 and a beta of 1.26.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The firm had revenue of $297.80 million for the quarter. As a group, equities analysts forecast that Equinox Gold Corp. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on EQX. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Wednesday, January 3rd.

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.