Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 23.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 431,119 shares of the company’s stock after purchasing an additional 82,880 shares during the period. CIBC Asset Management Inc’s holdings in Equinox Gold were worth $2,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQX. Advisor Group Holdings Inc. raised its position in Equinox Gold by 14.7% in the second quarter. Advisor Group Holdings Inc. now owns 93,196 shares of the company’s stock worth $647,000 after acquiring an additional 11,943 shares in the last quarter. Swiss National Bank raised its holdings in shares of Equinox Gold by 12.0% in the 2nd quarter. Swiss National Bank now owns 559,390 shares of the company’s stock worth $3,893,000 after purchasing an additional 59,762 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Equinox Gold by 4.0% in the 2nd quarter. HighTower Advisors LLC now owns 47,405 shares of the company’s stock worth $328,000 after purchasing an additional 1,834 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Equinox Gold by 79.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,591 shares of the company’s stock valued at $3,004,000 after purchasing an additional 191,863 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Equinox Gold by 15.8% during the second quarter. Citigroup Inc. now owns 464,195 shares of the company’s stock worth $3,228,000 after buying an additional 63,239 shares in the last quarter. 27.45% of the stock is owned by hedge funds and other institutional investors.

NYSEAMERICAN EQX opened at $6.86 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.67 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.06 billion, a PE ratio of 53.69 and a beta of 1.10. Equinox Gold Corp. has a 52-week low of $5.90 and a 52-week high of $10.59.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, November 3rd. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). The company had revenue of $245.13 million during the quarter. Equinox Gold had a net margin of 48.26% and a return on equity of 2.10%. Sell-side analysts predict that Equinox Gold Corp. will post 0.23 EPS for the current fiscal year.

Several research firms have recently weighed in on EQX. Scotiabank reduced their price objective on Equinox Gold from C$14.25 to C$11.75 in a research note on Tuesday. Zacks Investment Research lowered Equinox Gold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 5th. Royal Bank of Canada restated a “hold” rating and set a $12.00 price objective on shares of Equinox Gold in a report on Tuesday, September 21st. Desjardins dropped their target price on shares of Equinox Gold from C$12.75 to C$12.50 and set a “buy” rating on the stock in a research report on Monday, November 8th. Finally, National Bank Financial boosted their price target on shares of Equinox Gold from C$12.25 to C$12.50 in a report on Friday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $12.78.

About Equinox Gold

Equinox Gold Corp. engages in the exploration of gold mining properties. Its projects include mesquite gold mine, aurizona gold mine, castle mountain, and copper projects. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.

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Institutional Ownership by Quarter for Equinox Gold (NYSEAMERICAN:EQX)

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