Equinox Gold Corp. $EQX Shares Sold by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. decreased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 20.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 417,019 shares of the company’s stock after selling 110,000 shares during the period. Equinox Gold makes up approximately 1.6% of Galibier Capital Management Ltd.’s holdings, making the stock its 17th largest position. Galibier Capital Management Ltd.’s holdings in Equinox Gold were worth $4,673,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQX. American Capital Advisory LLC acquired a new position in Equinox Gold in the 2nd quarter valued at about $25,000. SBI Securities Co. Ltd. grew its stake in shares of Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after purchasing an additional 4,479 shares during the last quarter. ORG Partners LLC grew its stake in shares of Equinox Gold by 191.2% in 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 last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Equinox Gold in the second quarter valued at approximately $58,000. Finally, KW Wealth Management LLC purchased a new stake in shares of Equinox Gold during the third quarter worth approximately $114,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EQX shares. Cibc Captl Mkts lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Stifel Canada upgraded shares of Equinox Gold to a “strong-buy” rating in a research note on Monday, December 1st. Stifel Nicolaus assumed coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating for the company. Finally, TD Securities reaffirmed a “buy” rating on shares of Equinox Gold in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $13.70 on Friday. The firm’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $10.05. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.76 billion, a PE ratio of 274.05 and a beta of 1.25. Equinox Gold Corp. has a fifty-two week low of $5.04 and a fifty-two week high of $15.10.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $607.81 million. The business’s revenue for the quarter was up 91.2% compared to the same quarter last year. Analysts expect that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

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.