Groupe la Francaise Sells 120,000 Shares of Equinox Gold Corp. $EQX

Groupe la Francaise reduced its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 17.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 550,000 shares of the company’s stock after selling 120,000 shares during the quarter. Groupe la Francaise’s holdings in Equinox Gold were worth $3,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in shares of Equinox Gold by 42.1% in the first quarter. Cetera Investment Advisers now owns 26,874 shares of the company’s stock worth $185,000 after buying an additional 7,962 shares during the last quarter. LPL Financial LLC increased its holdings in Equinox Gold by 50.1% during the first quarter. LPL Financial LLC now owns 646,649 shares of the company’s stock valued at $4,449,000 after buying an additional 215,927 shares during the last quarter. Vanguard Group Inc. raised its position in Equinox Gold by 7.4% in the first quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company’s stock worth $102,082,000 after acquiring an additional 1,029,738 shares during the period. CenterBook Partners LP boosted its stake in shares of Equinox Gold by 8.6% during the 1st quarter. CenterBook Partners LP now owns 3,249,654 shares of the company’s stock worth $22,358,000 after acquiring an additional 256,630 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Equinox Gold by 3.8% during the 1st quarter. Swiss National Bank now owns 754,690 shares of the company’s stock worth $5,190,000 after acquiring an additional 27,600 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Down 1.0%

Shares of Equinox Gold stock opened at $13.78 on Thursday. Equinox Gold Corp. has a fifty-two week low of $4.95 and a fifty-two week high of $14.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07. The company has a market capitalization of $10.81 billion, a P/E ratio of 275.66 and a beta of 1.25. The company has a fifty day moving average of $11.90 and a 200 day moving average of $8.92.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $819.01 million for the quarter, compared to the consensus estimate of $607.81 million. Equinox Gold had a return on equity of 5.57% and a net margin of 2.71%.The firm’s revenue was up 91.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank Of Canada upgraded Equinox Gold from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $11.00 to $17.00 in a research note on Wednesday, September 10th. Cibc World Mkts raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Cormark raised Equinox Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 15th. Finally, Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $26.00.

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.