Equinox Gold Corp. $EQX Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 74.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 252,609 shares of the company’s stock after selling 739,026 shares during the quarter. CenterBook Partners LP’s holdings in Equinox Gold were worth $2,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EQX. EverSource Wealth Advisors LLC grew its position in Equinox Gold by 96.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,997 shares of the company’s stock worth $29,000 after purchasing an additional 982 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Equinox Gold by 1,427.1% in the third quarter. IFP Advisors Inc now owns 3,039 shares of the company’s stock valued at $34,000 after purchasing an additional 2,840 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Equinox Gold in the third quarter valued at approximately $35,000. Fortitude Family Office LLC bought a new stake in shares of Equinox Gold during the third quarter valued at approximately $39,000. Finally, Mather Group LLC. acquired a new position in shares of Equinox Gold during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

EQX has been the subject of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a report on Friday, August 7th. Zacks Research downgraded Equinox Gold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. TD Securities reiterated a “buy” rating on shares of Equinox Gold in a research report on Thursday, September 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, October 16th. Finally, Royal Bank Of Canada increased their price target on Equinox Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Equinox Gold currently has an average rating of “Moderate Buy” and an average target price of $14.00.

Equinox Gold Stock Up 2.1%

Equinox Gold stock opened at $11.52 on Friday. Equinox Gold Corp. has a 52 week low of $8.48 and a 52 week high of $18.96. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 11.52 and a beta of 1.33. The company’s 50-day moving average price is $11.45 and its two-hundred day moving average price is $12.67. The company has a current ratio of 1.33, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $769.80 million during the quarter, compared to analyst estimates of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%. The company’s revenue was up 60.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, analysts expect that Equinox Gold Corp. will post 0.95 EPS for the current fiscal year.

Equinox Gold Company Profile