Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise boosted its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 63.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,481 shares of the company’s stock after purchasing an additional 6,755 shares during the period. Banque Cantonale Vaudoise’s holdings in Equinox Gold were worth $106,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its position in shares of Equinox Gold by 58.6% during the 4th quarter. Mackenzie Financial Corp now owns 4,401,254 shares of the company’s stock valued at $21,401,000 after acquiring an additional 1,625,994 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Equinox Gold by 328.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 999,780 shares of the company’s stock valued at $4,888,000 after acquiring an additional 766,250 shares during the last quarter. Norges Bank acquired a new stake in shares of Equinox Gold during the 4th quarter valued at $9,111,000. American Century Companies Inc. lifted its position in shares of Equinox Gold by 3,396.3% during the 3rd quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock valued at $5,904,000 after acquiring an additional 1,357,849 shares during the last quarter. Finally, Sprott Inc. lifted its position in shares of Equinox Gold by 3.2% during the 3rd quarter. Sprott Inc. now owns 8,405,867 shares of the company’s stock valued at $35,440,000 after acquiring an additional 262,591 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

EQX opened at $5.28 on Tuesday. The firm has a market capitalization of $2.26 billion, a PE ratio of -58.66 and a beta of 1.32. Equinox Gold Corp. has a 12-month low of $3.95 and a 12-month high of $6.50. The company has a quick ratio of 0.49, a current ratio of 1.17 and a debt-to-equity ratio of 0.27.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $241.32 million during the quarter. Equinox Gold had a positive return on equity of 0.43% and a negative net margin of 2.85%. On average, sell-side analysts anticipate that Equinox Gold Corp. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a report on Friday, April 26th.

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.