Y Intercept Hong Kong Ltd Invests $6.99 Million in Equinox Gold Corp. $EQX

Y Intercept Hong Kong Ltd bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 623,084 shares of the company’s stock, valued at approximately $6,991,000.

Other institutional investors also recently modified their holdings of the company. Rathbones Group PLC raised its stake in Equinox Gold by 1.7% during the 2nd quarter. Rathbones Group PLC now owns 109,993 shares of the company’s stock valued at $633,000 after purchasing an additional 1,864 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its stake in Equinox Gold by 5.6% during the second quarter. Kohmann Bosshard Financial Services LLC now owns 38,000 shares of the company’s stock valued at $218,000 after acquiring an additional 2,000 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Equinox Gold by 13.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 17,923 shares of the company’s stock valued at $103,000 after acquiring an additional 2,091 shares in the last quarter. 111 Capital grew its holdings in shares of Equinox Gold by 7.1% during the 2nd quarter. 111 Capital now owns 58,092 shares of the company’s stock worth $336,000 after purchasing an additional 3,874 shares in the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Equinox Gold during the second quarter valued at approximately $25,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $16.19 on Friday. The stock has a market capitalization of $12.72 billion, a P/E 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 1 year low of $5.59 and a 1 year high of $16.35. The firm has a 50 day moving average of $14.08 and a 200-day moving average of $11.00.

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

Analyst Ratings Changes

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