Public Employees Retirement System of Ohio Has $1.33 Million Stock Holdings in Equinox Gold Corp. $EQX

Key Points

• The Public Employees Retirement System of Ohio has increased its stake in Equinox Gold Corp. by 41.5%, now holding shares valued at $1.33 million after acquiring additional shares in the 2nd quarter.
• Equinox Gold reported a quarterly earnings per share (EPS) of $0.11, surpassing analyst expectations and showing a 77.7% increase in revenue year-over-year.
• Brokerages have recently raised their price targets for Equinox Gold, with Royal Bank of Canada setting a new target of $17.00 and an average consensus rating of "Moderate Buy".

Public Employees Retirement System of Ohio increased its position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 41.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,297 shares of the company's stock after buying an additional 67,815 shares during the period. Public Employees Retirement System of Ohio's holdings in Equinox Gold were worth $1,334,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tobam acquired a new stake in shares of Equinox Gold in the 1st quarter valued at about $29,000. Continuum Advisory LLC grew its stake in shares of Equinox Gold by 53.3% in the 1st 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. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Equinox Gold in the 1st quarter valued at about $69,000. Vident Advisory LLC acquired a new stake in shares of Equinox Gold in the 1st quarter valued at about $74,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Equinox Gold in the 1st quarter valued at about $79,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Trading Down 0.4%

NYSEAMERICAN:EQX opened at $10.89 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.94. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of -181.47 and a beta of 1.14. Equinox Gold Corp. has a 52 week low of $4.95 and a 52 week high of $11.52. The firm has a 50-day moving average price of $8.79 and a two-hundred day moving average price of $7.27.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on EQX. Royal Bank Of Canada raised shares of 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 report on Wednesday, September 10th. TD Securities reaffirmed a "buy" rating on shares of Equinox Gold in a research report on Friday, September 5th. BMO Capital Markets began coverage on shares of Equinox Gold in a research report on Wednesday, June 18th. They issued an "outperform" rating on the stock. Cormark raised shares of Equinox Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 15th. Finally, CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.00.

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.

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