Equinox Gold Corp. (NYSEAMERICAN:EQX) Position Cut by Invenomic Capital Management LP

Invenomic Capital Management LP reduced its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,640,220 shares of the company’s stock after selling 66,439 shares during the quarter. Invenomic Capital Management LP owned about 0.42% of Equinox Gold worth $9,874,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. &PARTNERS acquired a new stake in Equinox Gold during the first quarter worth about $60,000. Advisor Resource Council acquired a new stake in Equinox Gold during the 1st quarter worth $76,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Equinox Gold during the 4th quarter worth $80,000. Parsons Capital Management Inc. RI acquired a new position in shares of Equinox Gold in the 1st quarter valued at $90,000. Finally, Terril Brothers Inc. grew its holdings in shares of Equinox Gold by 66.7% in the 4th quarter. Terril Brothers Inc. now owns 20,000 shares of the company’s stock valued at $98,000 after buying an additional 8,000 shares during the period. 38.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Equinox Gold Trading Down 1.8 %

EQX traded down $0.10 during midday trading on Tuesday, hitting $5.40. The company had a trading volume of 1,519,224 shares, compared to its average volume of 2,825,383. Equinox Gold Corp. has a 52 week low of $3.95 and a 52 week high of $6.50. The company has a current ratio of 1.17, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.31 billion, a P/E ratio of -59.99 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $241.32 million for the quarter. Equinox Gold had a negative net margin of 2.85% and a positive return on equity of 0.43%. Analysts predict that Equinox Gold Corp. will post 0.4 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.