XTX Topco Ltd Lowers Holdings in Equinox Gold Corp. $EQX

XTX Topco Ltd decreased its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 37.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,716 shares of the company’s stock after selling 52,851 shares during the period. XTX Topco Ltd’s holdings in Equinox Gold were worth $510,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. PKO Investment Management Joint Stock Co increased its holdings in shares of Equinox Gold by 50.6% in the 2nd quarter. PKO Investment Management Joint Stock Co now owns 281,387 shares of the company’s stock worth $1,617,000 after purchasing an additional 94,500 shares in the last quarter. Ruffer LLP lifted its holdings in shares of Equinox Gold by 322.1% during the second quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock valued at $43,267,000 after purchasing an additional 5,722,871 shares in the last quarter. Eschler Asset Management LLP purchased a new stake in shares of Equinox Gold during the first quarter valued at $968,000. Invenomic Capital Management LP boosted its position in shares of Equinox Gold by 8.2% during the first quarter. Invenomic Capital Management LP now owns 1,320,532 shares of the company’s stock valued at $9,085,000 after buying an additional 99,691 shares during the last quarter. Finally, Credit Industriel ET Commercial bought a new stake in Equinox Gold in the 2nd quarter worth about $149,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank Of Canada upgraded shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $11.00 to $17.00 in a research note on Wednesday, September 10th. Stifel Nicolaus started coverage on shares of Equinox Gold in a report on Tuesday. They issued a “buy” rating on the stock. Cormark raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. Stifel Canada upgraded shares of Equinox Gold to a “strong-buy” rating in a research note on Monday. Finally, TD Securities reissued a “buy” rating on shares of Equinox Gold in a report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $26.00.

Equinox Gold Trading Up 1.2%

NYSEAMERICAN:EQX opened at $13.95 on Friday. Equinox Gold Corp. has a one year low of $4.95 and a one year high of $14.27. The business has a fifty day moving average price of $11.97 and a 200-day moving average price of $8.95. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 279.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The business had revenue of $819.01 million during the quarter, compared to analysts’ expectations of $607.81 million. The company’s revenue was up 91.2% on a year-over-year basis. Sell-side analysts forecast that Equinox Gold Corp. will post 0.85 EPS for the current year.

Equinox Gold Company 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.