Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC cut its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX – Get Rating) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,706 shares of the company’s stock after selling 22,426 shares during the period. Belpointe Asset Management LLC’s holdings in Equinox Gold were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its stake in shares of Equinox Gold by 39.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,755 shares of the company’s stock worth $213,000 after buying an additional 7,250 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Equinox Gold by 52.0% in the 1st quarter. Bank of New York Mellon Corp now owns 16,657 shares of the company’s stock valued at $138,000 after purchasing an additional 5,701 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Equinox Gold by 4.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock worth $485,000 after purchasing an additional 2,669 shares during the last quarter. HighTower Advisors LLC grew its stake in Equinox Gold by 153.3% in the first quarter. HighTower Advisors LLC now owns 25,442 shares of the company’s stock worth $210,000 after purchasing an additional 15,396 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Equinox Gold by 5.8% in the first quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company’s stock valued at $377,000 after buying an additional 2,500 shares during the last quarter. 29.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank reduced their price objective on Equinox Gold from C$6.50 to C$5.75 in a research note on Thursday, February 23rd. TD Securities dropped their price objective on shares of Equinox Gold from C$8.00 to C$7.50 in a research note on Thursday, February 23rd. BMO Capital Markets decreased their target price on Equinox Gold from C$7.50 to C$6.50 in a research note on Thursday, February 23rd. CIBC increased their price target on Equinox Gold from C$4.20 to C$5.70 in a research report on Tuesday, February 7th. Finally, National Bank Financial lowered their price objective on Equinox Gold from C$6.25 to C$6.00 in a research note on Tuesday, February 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.66.

Equinox Gold Price Performance

Shares of EQX stock opened at $5.34 on Monday. Equinox Gold Corp. has a 12-month low of $2.35 and a 12-month high of $6.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.30 and a quick ratio of 2.11. The company has a market capitalization of $1.67 billion, a P/E ratio of -22.25 and a beta of 1.26.

Equinox Gold (NYSEAMERICAN:EQX – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The company had revenue of $259.30 million for the quarter. Equinox Gold had a negative return on equity of 3.23% and a negative net margin of 7.14%. Equities research analysts anticipate that Equinox Gold Corp. will post 0.02 EPS for the current year.

Equinox Gold Company Profile

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Equinox Gold Corp. is a growth-focused mining company, which engages in the exploration of gold mining properties. Its projects include Greenstone Project, Los Filos Expansion, Aurizona Expansion, and Castle Mountain Expansion. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.