Harvest Portfolios Group Inc. Raises Holdings in Equinox Gold Corp. $EQX

Harvest Portfolios Group Inc. grew its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 60.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,826 shares of the company’s stock after purchasing an additional 49,384 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Equinox Gold were worth $755,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EQX. American Capital Advisory LLC bought a new stake in shares of Equinox Gold in the 2nd quarter worth approximately $25,000. ORG Partners LLC lifted its position in Equinox Gold by 191.2% during the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock valued at $43,000 after acquiring an additional 4,970 shares during the period. Bernard Wealth Management Corp. bought a new stake in Equinox Gold during the second quarter worth about $58,000. Mesirow Financial Investment Management Inc. purchased a new stake in Equinox Gold in the first quarter worth about $69,000. Finally, Farther Finance Advisors LLC purchased a new stake in Equinox Gold in the second quarter worth about $69,000. 38.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. Zacks Research downgraded Equinox Gold from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. CIBC restated a “neutral” rating on shares of Equinox Gold in a report on Tuesday, July 15th. TD Securities reaffirmed a “buy” rating on shares of Equinox Gold in a research report on Friday, September 5th. Finally, Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $11.00 to $17.00 in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Equinox Gold Trading Up 2.6%

Equinox Gold stock opened at $11.71 on Friday. Equinox Gold Corp. has a one year low of $4.95 and a one year high of $12.93. The business’s fifty day moving average is $10.89 and its 200 day moving average is $8.09. The stock has a market capitalization of $9.19 billion, a PE ratio of 234.25 and a beta of 1.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.94 and a quick ratio of 0.53.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Equinox Gold had a net margin of 2.71% and a return on equity of 6.12%. The business had revenue of $819.01 million for the quarter, compared to analysts’ expectations of $607.81 million. The business’s quarterly revenue was up 91.2% compared to the same quarter last year. On average, sell-side analysts predict that Equinox Gold Corp. will post 0.85 EPS for the current year.

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.