Polunin Capital Partners Ltd Has $5.97 Million Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Polunin Capital Partners Ltd lessened its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,141,500 shares of the company’s stock after selling 2,100 shares during the quarter. Equinox Gold accounts for approximately 1.0% of Polunin Capital Partners Ltd’s holdings, making the stock its 13th largest holding. Polunin Capital Partners Ltd owned 0.27% of Equinox Gold worth $5,970,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in shares of Equinox Gold by 1.9% in the 1st quarter. SG Americas Securities LLC now owns 140,710 shares of the company’s stock valued at $847,000 after purchasing an additional 2,566 shares during the period. Raymond James & Associates raised its stake in shares of Equinox Gold by 0.8% in the 2nd quarter. Raymond James & Associates now owns 645,727 shares of the company’s stock valued at $3,377,000 after purchasing an additional 5,143 shares during the period. Continuum Advisory LLC acquired a new stake in shares of Equinox Gold in the 2nd quarter valued at about $29,000. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Equinox Gold by 6.9% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 99,700 shares of the company’s stock valued at $601,000 after purchasing an additional 6,400 shares during the period. Finally, Banque Cantonale Vaudoise raised its stake in shares of Equinox Gold by 63.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 17,481 shares of the company’s stock valued at $106,000 after purchasing an additional 6,755 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analysts Set New Price Targets

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

Equinox Gold Trading Up 2.2 %

Equinox Gold stock traded up $0.13 during midday trading on Friday, reaching $5.93. 3,689,421 shares of the company’s stock were exchanged, compared to its average volume of 2,866,397. Equinox Gold Corp. has a 52 week low of $3.95 and a 52 week high of $6.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.17. The stock has a market capitalization of $2.54 billion, a P/E ratio of -65.88 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Equinox Gold had a positive return on equity of 0.43% and a negative net margin of 2.85%. The business had revenue of $269.43 million during the quarter. Analysts expect that Equinox Gold Corp. will post 0.4 earnings per share for the current 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.