J. Safra Sarasin Holding AG Takes $1.70 Million Position in Equinox Gold Corp. $EQX

J. Safra Sarasin Holding AG bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 151,601 shares of the company’s stock, valued at approximately $1,701,000.

Several other institutional investors also recently bought and sold shares of EQX. American Capital Advisory LLC bought a new position in shares of Equinox Gold during the 2nd quarter valued at about $25,000. SBI Securities Co. Ltd. grew its holdings in Equinox Gold by 2,054.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after buying an additional 4,479 shares in the last quarter. ORG Partners LLC grew its holdings 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 buying an additional 4,970 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Equinox Gold during the 2nd quarter valued at approximately $58,000. Finally, Astoria Portfolio Advisors LLC. bought a new position in shares of Equinox Gold during the 2nd quarter valued at approximately $69,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EQX shares. Cibc Captl Mkts downgraded shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Cibc World Mkts raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Monday. Zacks Research downgraded Equinox Gold from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus assumed coverage on Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Equinox Gold Stock Up 3.1%

Shares of NYSEAMERICAN:EQX opened at $16.83 on Wednesday. The firm has a market capitalization of $13.22 billion, a PE ratio of 336.67 and a beta of 1.25. The business has a 50 day simple moving average of $14.24 and a two-hundred day simple moving average of $11.18. Equinox Gold Corp. has a 1 year low of $5.59 and a 1 year high of $17.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The firm had revenue of $819.01 million during the quarter, compared to analyst estimates of $607.81 million. Equinox Gold’s quarterly revenue was up 91.2% compared to the same quarter last year. On average, equities analysts predict that Equinox Gold Corp. will post 0.85 EPS for the current year.

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.