Leuthold Group LLC Trims Stock Position in Equinox Gold Corp. $EQX

Leuthold Group LLC lessened its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 505,518 shares of the company’s stock after selling 7,941 shares during the period. Leuthold Group LLC’s holdings in Equinox Gold were worth $2,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in Equinox Gold by 42.1% in the first quarter. Cetera Investment Advisers now owns 26,874 shares of the company’s stock valued at $185,000 after acquiring an additional 7,962 shares during the period. LPL Financial LLC increased its holdings in shares of Equinox Gold by 50.1% during the 1st quarter. LPL Financial LLC now owns 646,649 shares of the company’s stock valued at $4,449,000 after purchasing an additional 215,927 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of Equinox Gold during the 1st quarter valued at approximately $69,000. Ruffer LLP lifted its stake in shares of Equinox Gold by 194.5% in the 1st quarter. Ruffer LLP now owns 1,776,730 shares of the company’s stock valued at $12,221,000 after purchasing an additional 1,173,460 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Equinox Gold by 7.4% during the first quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company’s stock worth $102,082,000 after buying an additional 1,029,738 shares in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Equinox Gold stock opened at $13.88 on Friday. The company has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $8.75. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 277.66 and a beta of 1.11. The company has a quick ratio of 0.62, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Equinox Gold Corp. has a 52-week low of $4.95 and a 52-week high of $13.94.

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

Wall Street Analyst Weigh In

EQX has been the subject of a number of recent analyst reports. Cormark raised shares of Equinox Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, August 15th. Royal Bank Of Canada raised Equinox Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $11.00 to $17.00 in a report on Wednesday, September 10th. Scotiabank raised Equinox Gold from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. National Bankshares reiterated an “outperform” rating on shares of Equinox Gold in a research report on Friday, August 15th. Finally, Cibc World Mkts raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equinox Gold has an average rating of “Moderate 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.