Galibier Capital Management Ltd. Acquires New Shares in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Galibier Capital Management Ltd. acquired a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 570,000 shares of the company's stock, valued at approximately $3,917,000. Equinox Gold comprises approximately 1.2% of Galibier Capital Management Ltd.'s holdings, making the stock its 16th biggest position. Galibier Capital Management Ltd. owned 0.13% of Equinox Gold at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tobam bought a new position in Equinox Gold in the first quarter valued at about $29,000. Parvin Asset Management LLC bought a new position in Equinox Gold in the fourth quarter valued at about $38,000. BNP Paribas Financial Markets bought a new position in Equinox Gold in the fourth quarter valued at about $47,000. Continuum Advisory LLC increased its stake in shares of Equinox Gold by 53.3% in the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock valued at $52,000 after buying an additional 2,620 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Equinox Gold in the fourth quarter valued at about $56,000. 38.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on EQX. CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a research note on Friday, June 13th. BMO Capital Markets began coverage on Equinox Gold in a research note on Wednesday, June 18th. They set an "outperform" rating for the company. National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. Finally, National Bank Financial raised Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Equinox Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN EQX traded up $0.12 during midday trading on Friday, hitting $6.23. 13,412,610 shares of the stock traded hands, compared to its average volume of 8,032,625. The firm has a 50-day moving average of $6.35 and a two-hundred day moving average of $6.22. The firm has a market capitalization of $4.71 billion, a P/E ratio of 12.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.45.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued 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 business had revenue of $423.72 million during the quarter, compared to analysts' expectations of $404.00 million. Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The company's quarterly revenue was up 75.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.13) EPS. On average, equities analysts forecast that Equinox Gold Corp. will post 0.85 EPS for the current fiscal year.

About Equinox Gold

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.