Equinox Gold Corp. $EQX Stock Bought by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 67.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,185,305 shares of the company’s stock after acquiring an additional 1,680,772 shares during the quarter. Equinox Gold accounts for approximately 3.2% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 9th biggest position. Euro Pacific Asset Management LLC owned about 0.36% of Equinox Gold worth $46,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. StoneX Group Inc. bought a new position in Equinox Gold during the third quarter worth about $152,000. Pictet Asset Management Holding SA boosted its holdings in Equinox Gold by 37.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 399,175 shares of the company’s stock valued at $4,442,000 after purchasing an additional 108,038 shares during the period. Parallel Advisors LLC boosted its holdings in Equinox Gold by 1,378.6% in the 3rd quarter. Parallel Advisors LLC now owns 11,563 shares of the company’s stock valued at $128,000 after purchasing an additional 10,781 shares during the period. International Assets Investment Management LLC boosted its holdings in Equinox Gold by 27.2% in the 3rd quarter. International Assets Investment Management LLC now owns 13,769 shares of the company’s stock valued at $149,000 after purchasing an additional 2,948 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Equinox Gold in the 3rd quarter valued at about $154,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EQX shares. TD Securities reaffirmed a “buy” rating on shares of Equinox Gold in a report on Thursday, September 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, October 16th. Zacks Research cut Equinox Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. Royal Bank Of Canada increased their price target on Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Equinox Gold Stock Performance

EQX opened at $11.52 on Monday. Equinox Gold Corp. has a twelve month low of $8.48 and a twelve month high of $18.96. The company has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $12.67. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 11.52 and a beta of 1.33.

About Equinox Gold