Equinox Gold Corp. $EQX Stock: Euro Pacific Asset Management LLC Increases Holdings

Euro Pacific Asset Management LLC raised its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) by 67.1% in the 3rd quarter, Holdings Channel reports. The firm owned 4,185,305 shares of the company’s stock after acquiring an additional 1,680,772 shares during the period. Equinox Gold accounts for approximately 3.2% of Euro Pacific Asset Management LLC’s holdings, making the stock its 9th largest position. Euro Pacific Asset Management LLC’s holdings in Equinox Gold were worth $46,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Equinox Gold by 96.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock valued at $29,000 after purchasing an additional 982 shares in the last quarter. Net Worth Advisory Group increased its stake in shares of Equinox Gold by 5.4% in the 3rd quarter. Net Worth Advisory Group now owns 21,259 shares of the company’s stock valued at $230,000 after purchasing an additional 1,090 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Equinox Gold by 1,427.1% in the 3rd quarter. IFP Advisors Inc now owns 3,039 shares of the company’s stock valued at $34,000 after purchasing an additional 2,840 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Equinox Gold by 27.2% during the 3rd quarter. International Assets Investment Management LLC now owns 13,769 shares of the company’s stock worth $149,000 after buying an additional 2,948 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Equinox Gold during the 3rd quarter worth $35,000. 38.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Securities restated a “buy” rating on shares of Equinox Gold in a research report on Thursday, September 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Equinox Gold in a research report on Friday, October 16th. Zacks Research lowered shares of Equinox Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. Finally, Royal Bank Of Canada increased their price objective on shares of Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Read Our Latest Research Report on Equinox Gold

Equinox Gold Stock Performance

Shares of EQX opened at $11.52 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33. The stock has a 50 day moving average price of $11.45 and a two-hundred day moving average price of $12.67. The firm has a market capitalization of $13.46 billion, a P/E ratio of 11.52 and a beta of 1.33. Equinox Gold Corp. has a 52 week low of $8.48 and a 52 week high of $18.96.

Equinox Gold Profile

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

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