Focus Partners Advisor Solutions LLC Makes New $301,000 Investment in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Focus Partners Advisor Solutions LLC purchased a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 60,000 shares of the company's stock, valued at approximately $301,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Equinox Gold in the 4th quarter valued at approximately $5,304,000. Vanguard Group Inc. grew its position in Equinox Gold by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock valued at $69,626,000 after acquiring an additional 236,455 shares during the period. Charles Schwab Investment Management Inc. grew its position in Equinox Gold by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 931,677 shares of the company's stock valued at $4,690,000 after acquiring an additional 17,886 shares during the period. Helikon Investments Ltd bought a new stake in Equinox Gold in the fourth quarter valued at $8,559,000. Finally, Sanctuary Advisors LLC bought a new stake in Equinox Gold in the fourth quarter valued at $462,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Trading Up 0.1%

Shares of Equinox Gold stock traded up $0.01 during trading hours on Friday, hitting $6.52. The company's stock had a trading volume of 3,527,472 shares, compared to its average volume of 6,262,181. The stock has a 50 day moving average of $6.55 and a 200 day moving average of $6.10. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The company has a market capitalization of $2.97 billion, a PE ratio of 12.12 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EQX shares. National Bank Financial raised Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. TD Cowen started coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective on the stock. Finally, TD Securities raised Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th.

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.