Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 23.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,119 shares of the company’s stock after purchasing an additional 82,880 shares during the quarter. CIBC Asset Management Inc owned approximately 0.14% of Equinox Gold worth $2,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Equinox Gold by 30.4% in the second quarter. Vanguard Group Inc. now owns 7,387,325 shares of the company’s stock valued at $51,343,000 after acquiring an additional 1,724,187 shares during the last quarter. Shell Asset Management Co. lifted its position in Equinox Gold by 95.7% in the second quarter. Shell Asset Management Co. now owns 3,088,177 shares of the company’s stock valued at $21,472,000 after acquiring an additional 1,510,331 shares during the last quarter. Amundi purchased a new stake in Equinox Gold in the second quarter valued at $6,554,000. Franklin Resources Inc. lifted its position in Equinox Gold by 2,252.5% in the second quarter. Franklin Resources Inc. now owns 680,693 shares of the company’s stock valued at $4,726,000 after acquiring an additional 651,758 shares during the last quarter. Finally, CIBC World Markets Inc. lifted its position in Equinox Gold by 235.3% in the second quarter. CIBC World Markets Inc. now owns 400,889 shares of the company’s stock valued at $2,786,000 after acquiring an additional 281,333 shares during the last quarter. Institutional investors and hedge funds own 27.45% of the company’s stock.

EQX has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Equinox Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 5th. Scotiabank dropped their price target on shares of Equinox Gold from C$14.25 to C$11.75 in a research note on Tuesday. Royal Bank of Canada reiterated a “hold” rating and set a $12.00 price target on shares of Equinox Gold in a research note on Tuesday, September 21st. CIBC boosted their price target on shares of Equinox Gold from C$10.50 to C$11.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 16th. Finally, dropped their price target on shares of Equinox Gold from C$10.50 to C$10.00 and set a “buy” rating on the stock in a research note on Tuesday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Equinox Gold currently has an average rating of “Buy” and an average price target of $12.78.

Shares of NYSEAMERICAN EQX opened at $6.86 on Friday. Equinox Gold Corp. has a 12-month low of $5.90 and a 12-month high of $10.59. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 53.69 and a beta of 1.10. The company has a current ratio of 2.67, a quick ratio of 1.96 and a debt-to-equity ratio of 0.22.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Equinox Gold had a net margin of 48.26% and a return on equity of 2.10%. The business had revenue of $245.13 million during the quarter. On average, equities analysts predict that Equinox Gold Corp. will post 0.23 EPS for the current fiscal year.

Equinox Gold Profile

Equinox Gold Corp. engages in the exploration of gold mining properties. Its projects include mesquite gold mine, aurizona gold mine, castle mountain, and copper projects. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.

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

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