Balyasny Asset Management L.P. Makes New $1.37 Million Investment in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Balyasny Asset Management L.P. acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 272,322 shares of the company's stock, valued at approximately $1,367,000. Balyasny Asset Management L.P. owned 0.06% of Equinox Gold at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EQX. Parvin Asset Management LLC bought a new position in Equinox Gold in the 4th quarter worth approximately $38,000. BNP Paribas Financial Markets bought a new position in Equinox Gold in the 4th quarter worth approximately $47,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Equinox Gold in the 4th quarter worth approximately $50,000. Gamco Investors INC. ET AL bought a new position in Equinox Gold in the 4th quarter worth approximately $56,000. Finally, Kiker Wealth Management LLC bought a new position in Equinox Gold in the 4th quarter worth approximately $58,000. 38.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EQX. TD Cowen began coverage on Equinox Gold in a research report on Tuesday, February 4th. They set a "hold" rating and a $35.00 target price for the company. TD Securities upgraded Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th. Finally, National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st.

Equinox Gold Stock Up 3.5%

Shares of EQX traded up $0.21 during midday trading on Monday, reaching $6.18. 5,101,393 shares of the stock were exchanged, compared to its average volume of 6,058,851. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.45. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $6.59 and its two-hundred day moving average is $6.06. The company has a market capitalization of $2.82 billion, a P/E ratio of 11.44 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). The firm had revenue of $423.72 million for the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a return on equity of 3.20% and a net margin of 17.81%. Equinox Gold's quarterly revenue was up 75.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) EPS. On average, sell-side analysts anticipate that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Equinox Gold Company 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.