SG Americas Securities LLC Has $558,000 Stock Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

SG Americas Securities LLC lowered its stake in Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) by 26.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,514 shares of the company’s stock after selling 24,422 shares during the quarter. SG Americas Securities LLC’s holdings in Equinox Gold were worth $558,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fermata Advisors LLC acquired a new position in shares of Equinox Gold in the 1st quarter valued at $91,000. Cornerstone Wealth Management LLC acquired a new stake in Equinox Gold during the 1st quarter worth $302,000. Ieq Capital LLC acquired a new stake in Equinox Gold during the 4th quarter worth $338,000. CIBC Asset Management Inc raised its stake in Equinox Gold by 6.3% during the 4th quarter. CIBC Asset Management Inc now owns 458,153 shares of the company’s stock worth $3,098,000 after buying an additional 27,034 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Equinox Gold during the 4th quarter worth $264,000. Institutional investors and hedge funds own 35.13% of the company’s stock.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN EQX opened at $4.30 on Friday. The stock has a market capitalization of $1.31 billion, a PE ratio of 3.61 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 2.20. Equinox Gold Corp. has a fifty-two week low of $3.75 and a fifty-two week high of $9.07.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). The company had revenue of $223.20 million during the quarter. Equinox Gold had a net margin of 38.26% and a return on equity of 2.51%. Research analysts anticipate that Equinox Gold Corp. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on EQX shares. TD Securities dropped their price objective on Equinox Gold from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Thursday. Desjardins dropped their price objective on Equinox Gold from C$12.00 to C$11.25 in a research note on Friday, May 6th. Stifel Nicolaus dropped their price objective on Equinox Gold from C$16.25 to C$11.50 in a research note on Wednesday, July 20th. TheStreet downgraded Equinox Gold from a “b-” rating to a “c+” rating in a research note on Friday, May 20th. Finally, National Bank Financial downgraded Equinox Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.55.

Equinox Gold Profile

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Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

Further Reading

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

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