Helikon Investments Ltd Has $44.27 Million Holdings in Equinox Gold Corp. $EQX

Helikon Investments Ltd raised its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 37.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,699,497 shares of the company’s stock after buying an additional 2,084,762 shares during the quarter. Equinox Gold accounts for 2.7% of Helikon Investments Ltd’s portfolio, making the stock its 11th largest position. Helikon Investments Ltd’s holdings in Equinox Gold were worth $44,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Ruffer LLP grew its position in Equinox Gold by 322.1% during the 2nd quarter. Ruffer LLP now owns 7,499,601 shares of the company’s stock worth $43,267,000 after purchasing an additional 5,722,871 shares in the last quarter. L1 Capital Pty Ltd raised its position in Equinox Gold by 111.1% during the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company’s stock valued at $74,634,000 after buying an additional 5,710,310 shares during the period. American Century Companies Inc. lifted its stake in Equinox Gold by 88.4% in the 1st quarter. American Century Companies Inc. now owns 3,660,928 shares of the company’s stock worth $25,162,000 after acquiring an additional 1,717,251 shares in the last quarter. Gemsstock Ltd. lifted its stake in Equinox Gold by 64.2% in the 1st quarter. Gemsstock Ltd. now owns 4,198,277 shares of the company’s stock worth $28,905,000 after acquiring an additional 1,641,600 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in Equinox Gold by 94.3% during the 2nd quarter. TD Asset Management Inc now owns 2,685,669 shares of the company’s stock worth $15,470,000 after acquiring an additional 1,303,636 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX opened at $13.14 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07. The company has a market cap of $10.31 billion, a PE ratio of 262.85 and a beta of 1.11. The stock has a 50-day moving average of $11.11 and a 200-day moving average of $8.22. Equinox Gold Corp. has a 52-week low of $4.95 and a 52-week high of $13.18.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $819.01 million for the quarter, compared to the consensus estimate of $607.81 million. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The firm’s revenue was up 91.2% compared to the same quarter last year. As a group, equities research analysts forecast that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on EQX shares. Royal Bank Of Canada raised shares of Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $11.00 to $17.00 in a research report on Wednesday, September 10th. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. National Bankshares reaffirmed an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Finally, Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

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.