Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys 79,100 Shares of Equinox Gold Corp. $EQX

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 230.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,400 shares of the company’s stock after purchasing an additional 79,100 shares during the quarter. Equinox Gold accounts for 3.1% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 14th largest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Equinox Gold were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. American Capital Advisory LLC purchased a new position in shares of Equinox Gold in the 2nd quarter worth $25,000. SBI Securities Co. Ltd. lifted its holdings in Equinox Gold by 2,054.6% in the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after acquiring an additional 4,479 shares during the period. ORG Partners LLC boosted its position in Equinox Gold by 191.2% in the second quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock worth $43,000 after purchasing an additional 4,970 shares during the last quarter. Kercheville Advisors LLC purchased a new position in Equinox Gold in the third quarter worth about $112,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Equinox Gold during the 2nd quarter valued at about $58,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN EQX opened at $16.19 on Friday. The company has a 50 day simple moving average of $14.08 and a two-hundred day simple moving average of $10.97. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 323.86 and a beta of 1.25. The company has a current ratio of 1.07, a quick ratio of 0.62 and a debt-to-equity ratio of 0.27. Equinox Gold Corp. has a 12 month low of $5.59 and a 12 month high of $16.35.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $819.01 million for the quarter, compared to analyst estimates of $607.81 million. Equinox Gold had a net margin of 2.71% and a return on equity of 5.57%. The business’s revenue was up 91.2% compared to the same quarter last year. As a group, analysts predict that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EQX. Stifel Nicolaus started coverage on shares of Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating on the stock. Zacks Research downgraded shares of Equinox Gold from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Scotiabank raised shares of Equinox Gold from a “hold” rating to an “outperform” rating in a research report on Thursday, November 6th. Cibc Captl Mkts lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, Cibc World Mkts upgraded Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

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.