Janus Henderson Group PLC Purchases 182,634 Shares of Equinox Gold Corp. $EQX

Janus Henderson Group PLC lifted its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 25.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 894,799 shares of the company’s stock after purchasing an additional 182,634 shares during the quarter. Janus Henderson Group PLC’s holdings in Equinox Gold were worth $12,935,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EQX. Mcguire Capital Advisors Inc. purchased a new stake in Equinox Gold during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Equinox Gold by 96.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after buying an additional 982 shares in the last quarter. Quarry LP grew its stake in shares of Equinox Gold by 329.9% in the 4th quarter. Quarry LP now owns 2,734 shares of the company’s stock worth $38,000 after buying an additional 2,098 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Equinox Gold in the 4th quarter worth about $39,000. Finally, Purpose Unlimited Inc. bought a new stake in shares of Equinox Gold in the 4th quarter worth about $42,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Up 4.4%

NYSEAMERICAN EQX opened at $9.58 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. Equinox Gold Corp. has a 52 week low of $6.19 and a 52 week high of $18.96. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 11.97 and a beta of 1.27. The company has a fifty day moving average of $10.12 and a two-hundred day moving average of $13.22.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $861.59 million during the quarter, compared to analysts’ expectations of $896.94 million. Equinox Gold had a net margin of 21.72% and a return on equity of 10.26%. The company’s revenue was up 224.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. On average, analysts predict that Equinox Gold Corp. will post 1.12 earnings per share for the current year.

Analyst Ratings Changes

EQX has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their price target on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Zacks Research lowered Equinox Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group upgraded Equinox Gold from a “buy” rating to a “buy” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $13.00.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.