International Assets Investment Management LLC Buys 101,344 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

International Assets Investment Management LLC increased its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 568.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,169 shares of the company’s stock after purchasing an additional 101,344 shares during the period. International Assets Investment Management LLC’s holdings in Equinox Gold were worth $583,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Everett Harris & Co. CA bought a new position in shares of Equinox Gold in the fourth quarter worth approximately $52,000. Counterpoint Mutual Funds LLC bought a new position in Equinox Gold during the third quarter valued at approximately $84,000. Aigen Investment Management LP bought a new position in Equinox Gold during the third quarter valued at approximately $86,000. Stansberry Asset Management LLC grew its position in Equinox Gold by 43.7% during the third quarter. Stansberry Asset Management LLC now owns 47,749 shares of the company’s stock valued at $202,000 after acquiring an additional 14,513 shares during the last quarter. Finally, Rathbones Group PLC bought a new position in Equinox Gold during the third quarter valued at approximately $263,000. 38.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EQX has been the topic of a number of recent research reports. Desjardins upgraded shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th.

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $5.23 on Thursday. The company has a market cap of $1.72 billion, a PE ratio of 58.11 and a beta of 1.32. Equinox Gold Corp. has a fifty-two week low of $3.95 and a fifty-two week high of $6.50. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. The firm had revenue of $297.80 million during the quarter. As a group, research analysts forecast that Equinox Gold Corp. will post 0.12 earnings per share for the current year.

Equinox Gold 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.