Amundi Has $18.17 Million Stock Position in Equinox Gold Corp. $EQX

Amundi trimmed its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,769,811 shares of the company's stock after selling 115,193 shares during the period. Amundi owned about 0.61% of Equinox Gold worth $18,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Equinox Gold by 7.4% during the first quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company's stock worth $102,082,000 after buying an additional 1,029,738 shares in the last quarter. L1 Capital Pty Ltd grew its stake in Equinox Gold by 111.1% in the first quarter. L1 Capital Pty Ltd now owns 10,848,019 shares of the company's stock valued at $74,634,000 after purchasing an additional 5,710,310 shares in the last quarter. Invesco Ltd. grew its stake in Equinox Gold by 0.7% in the first quarter. Invesco Ltd. now owns 9,093,341 shares of the company's stock valued at $62,562,000 after purchasing an additional 64,101 shares in the last quarter. Mackenzie Financial Corp grew its stake in Equinox Gold by 42.6% in the fourth quarter. Mackenzie Financial Corp now owns 7,008,149 shares of the company's stock valued at $35,260,000 after purchasing an additional 2,093,437 shares in the last quarter. Finally, Helikon Investments Ltd grew its stake in Equinox Gold by 229.3% in the first quarter. Helikon Investments Ltd now owns 5,614,735 shares of the company's stock valued at $38,629,000 after purchasing an additional 3,909,705 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EQX shares. Cormark upgraded Equinox Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 15th. Royal Bank Of Canada upgraded Equinox Gold from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $11.00 to $17.00 in a research note on Wednesday. TD Securities reaffirmed a "buy" rating on shares of Equinox Gold in a research report on Friday, September 5th. Zacks Research raised Equinox Gold from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Equinox Gold currently has a consensus rating of "Moderate Buy" and an average target price of $26.00.

Equinox Gold Trading Down 3.3%

EQX traded down $0.36 during midday trading on Friday, hitting $10.61. 14,340,197 shares of the company were exchanged, compared to its average volume of 15,053,770. The firm has a market capitalization of $8.07 billion, a P/E ratio of -176.80 and a beta of 1.11. Equinox Gold Corp. has a 1-year low of $4.95 and a 1-year high of $11.10. The firm's 50 day moving average price is $7.42 and its 200-day moving average price is $6.83. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 0.29.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. The firm had revenue of $478.64 million for the quarter, compared to the consensus estimate of $470.00 million. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.The business's quarterly revenue was up 77.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. As a group, equities analysts forecast that Equinox Gold Corp. will post 0.85 EPS for the current fiscal 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.