Balyasny Asset Management L.P. Purchases New Shares in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Balyasny Asset Management L.P. purchased a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the fourth quarter, Holdings Channel.com reports. The fund purchased 272,322 shares of the company’s stock, valued at approximately $1,367,000.

A number of other large investors also recently made changes to their positions in EQX. Barclays PLC lifted its position in shares of Equinox Gold by 5.6% during the third quarter. Barclays PLC now owns 407,582 shares of the company’s stock valued at $2,482,000 after purchasing an additional 21,521 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Equinox Gold during the third quarter valued at about $1,227,000. Southland Equity Partners LLC bought a new position in shares of Equinox Gold during the fourth quarter valued at about $245,000. Helikon Investments Ltd bought a new stake in shares of Equinox Gold during the 4th quarter worth $8,559,000. Finally, Choreo LLC bought a new stake in shares of Equinox Gold during the 4th quarter worth $63,000. 38.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EQX has been the topic of a number of recent analyst reports. TD Securities upgraded Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th. National Bank Financial upgraded Equinox Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, TD Cowen initiated coverage on Equinox Gold in a research note on Tuesday, February 4th. They set a “hold” rating and a $35.00 target price on the stock.

Equinox Gold Trading Down 1.5%

NYSEAMERICAN EQX opened at $6.05 on Wednesday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 11.20 and a beta of 1.33. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The business’s fifty day moving average is $6.63 and its 200-day moving average is $6.06.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.19). Equinox Gold had a net margin of 17.81% and a return on equity of 3.20%. The firm had revenue of $423.72 million during the quarter, compared to the consensus estimate of $404.00 million. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. The company’s revenue was up 75.6% on a year-over-year basis. Equities research analysts predict that Equinox Gold Corp. will post 0.85 EPS for the current year.

Equinox Gold Company Profile

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.