Fiscal Wisdom Wealth Management LLC Buys Shares of 271,583 Equinox Gold Corp. $EQX

Fiscal Wisdom Wealth Management LLC bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 271,583 shares of the company’s stock, valued at approximately $2,993,000. Equinox Gold makes up 2.8% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in Equinox Gold during the 2nd quarter worth approximately $25,000. SBI Securities Co. Ltd. grew its holdings in shares of Equinox Gold by 2,054.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after acquiring an additional 4,479 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of Equinox Gold in the third quarter valued at about $43,000. Blueshift Asset Management LLC acquired a new position in shares of Equinox Gold during the 2nd quarter worth approximately $74,000. Finally, VestGen Advisors LLC acquired a new position in Equinox Gold during the second quarter worth $92,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN:EQX opened at $15.65 on Thursday. Equinox Gold Corp. has a 12-month low of $5.59 and a 12-month high of $17.40. The company’s 50 day moving average price is $14.85 and its two-hundred day moving average price is $12.16. The firm has a market cap of $12.30 billion, a PE ratio of 313.06 and a beta of 1.24. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

EQX has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research report on Monday, January 26th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Stifel Nicolaus began coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating for the company. BMO Capital Markets reissued an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.00.

About Equinox Gold

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.