Private Advisor Group LLC Sells 8,373 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Private Advisor Group LLC cut its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,195 shares of the company’s stock after selling 8,373 shares during the period. Private Advisor Group LLC’s holdings in Equinox Gold were worth $1,187,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EQX. Van ECK Associates Corp grew its holdings in Equinox Gold by 8.1% during the 1st quarter. Van ECK Associates Corp now owns 34,537,861 shares of the company’s stock valued at $207,921,000 after purchasing an additional 2,597,602 shares during the last quarter. Privium Fund Management B.V. grew its holdings in Equinox Gold by 63.8% during the 1st quarter. Privium Fund Management B.V. now owns 63,691 shares of the company’s stock valued at $383,000 after purchasing an additional 24,801 shares during the last quarter. U S Global Investors Inc. bought a new position in Equinox Gold during the 1st quarter valued at about $1,204,000. Parsons Capital Management Inc. RI bought a new position in Equinox Gold during the 1st quarter valued at about $90,000. Finally, Advisor Resource Council bought a new position in Equinox Gold during the 1st quarter valued at about $76,000. 38.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded shares of Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a report on Friday, April 26th.

Equinox Gold Price Performance

Equinox Gold stock opened at $5.98 on Friday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -66.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 0.49. Equinox Gold Corp. has a 1 year low of $3.95 and a 1 year high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $241.32 million during the quarter. Equinox Gold had a negative net margin of 2.85% and a positive return on equity of 0.43%. Equities analysts forecast that Equinox Gold Corp. will post 0.37 EPS for the current fiscal year.

Equinox Gold 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.