CenterBook Partners LP Reduces Stock Position in Equinox Gold Corp. $EQX

CenterBook Partners LP trimmed its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 14.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,772,237 shares of the company’s stock after selling 477,417 shares during the period. Equinox Gold accounts for about 0.9% of CenterBook Partners LP’s holdings, making the stock its 22nd largest holding. CenterBook Partners LP owned about 0.37% of Equinox Gold worth $15,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Capital Advisory LLC purchased a new stake in Equinox Gold during the second quarter worth approximately $25,000. SBI Securities Co. Ltd. raised its holdings in Equinox Gold by 2,054.6% during the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock worth $27,000 after purchasing an additional 4,479 shares in the last quarter. ORG Partners LLC lifted its position in shares of Equinox Gold by 191.2% during the 2nd quarter. ORG Partners LLC now owns 7,570 shares of the company’s stock worth $43,000 after buying an additional 4,970 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Equinox Gold in the 2nd quarter valued at $58,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Equinox Gold in the 1st quarter valued at $69,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQX has been the subject of a number of research reports. TD Securities reissued a “buy” rating on shares of Equinox Gold in a research report on Friday, September 5th. Royal Bank Of Canada raised Equinox Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $11.00 to $17.00 in a report on Wednesday, September 10th. Scotiabank upgraded Equinox Gold from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Zacks Research raised Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Cormark upgraded Equinox Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Equinox Gold currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $11.89 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62. The stock has a fifty day moving average price of $11.44 and a 200 day moving average price of $8.50. Equinox Gold Corp. has a 1-year low of $4.95 and a 1-year high of $13.53. The company has a market cap of $9.33 billion, a PE ratio of 237.85 and a beta of 1.11.

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