Raymond James & Associates Sells 5,047 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Raymond James & Associates trimmed its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 568,588 shares of the company’s stock after selling 5,047 shares during the period. Raymond James & Associates owned about 0.18% of Equinox Gold worth $2,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP lifted its position in shares of Equinox Gold by 20,288.1% during the first quarter. Quantbot Technologies LP now owns 8,563 shares of the company’s stock valued at $70,000 after purchasing an additional 8,521 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Equinox Gold during the first quarter valued at about $97,000. Deutsche Bank AG bought a new position in shares of Equinox Gold during the fourth quarter valued at about $41,000. Peapack Gladstone Financial Corp lifted its position in shares of Equinox Gold by 27.5% during the first quarter. Peapack Gladstone Financial Corp now owns 13,901 shares of the company’s stock valued at $72,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Equinox Gold during the second quarter valued at about $67,000. 38.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Monday, April 8th.

Equinox Gold Trading Down 2.1 %

EQX opened at $5.97 on Monday. The stock has a market capitalization of $1.97 billion, a PE ratio of 66.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $297.80 million during the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. Equities research analysts anticipate that Equinox Gold Corp. will post 0.12 EPS for the current fiscal year.

Equinox Gold Company 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.