77,950 Shares of Equinox Gold Corp. $EQX Bought by Compass Financial Management LLC

Compass Financial Management LLC purchased a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 77,950 shares of the company’s stock, valued at approximately $866,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in Equinox Gold by 2.8% during the second quarter. Van ECK Associates Corp now owns 87,435,651 shares of the company’s stock worth $849,875,000 after buying an additional 2,355,044 shares in the last quarter. Deutsche Bank AG acquired a new position in Equinox Gold in the 2nd quarter valued at approximately $82,981,000. Amundi raised its holdings in Equinox Gold by 25.2% in the 2nd quarter. Amundi now owns 5,307,103 shares of the company’s stock valued at $51,585,000 after acquiring an additional 1,067,139 shares in the last quarter. Euro Pacific Asset Management LLC raised its holdings in Equinox Gold by 66.9% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,181,021 shares of the company’s stock valued at $46,451,000 after acquiring an additional 1,676,488 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Equinox Gold in the 2nd quarter worth approximately $40,220,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EQX. TD Securities reissued a “buy” rating on shares of Equinox Gold in a report on Thursday, September 17th. Royal Bank Of Canada upped their price objective on Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Zacks Research lowered Equinox Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Equinox Gold Price Performance

EQX stock opened at $11.28 on Friday. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 13.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.77. The company has a 50 day simple moving average of $11.48 and a 200 day simple moving average of $12.69. Equinox Gold Corp. has a 1 year low of $8.48 and a 1 year high of $18.96.

Equinox Gold (NYSEAMERICAN:EQX) last issued its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $769.80 million during the quarter, compared to analyst estimates of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%. Equinox Gold’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. Research analysts anticipate that Equinox Gold Corp. will post 1.01 EPS for the current fiscal year.

Equinox Gold Company Profile

Equinox Gold Corp. is a precious metals mining company focused primarily on the acquisition, development and operation of gold mines. The company produces gold and conducts exploration and development activities intended to expand its mineral reserves and production base.

Equinox Gold’s operations and projects have been located across the Americas, including Canada, the United States, Mexico and Brazil. Its portfolio has included the Greenstone Mine in Ontario, the Mesquite and Castle Mountain projects in California, the Los Filos complex in Mexico, and the Aurizona, Fazenda and Santa Luz operations in Brazil.

The company was formed in 2017 through the merger of Trek Mining and NewCastle Gold and has since grown through acquisitions, mine development and exploration.