Equinox Gold Corp. (NYSEAMERICAN:EQX) Position Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,613,425 shares of the company’s stock after selling 107,865 shares during the period. Russell Investments Group Ltd.’s holdings in Equinox Gold were worth $12,764,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Equinox Gold by 13.5% in the third quarter. SG Americas Securities LLC now owns 124,545 shares of the company’s stock worth $527,000 after purchasing an additional 14,770 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Equinox Gold by 6.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 95,430 shares of the company’s stock worth $404,000 after buying an additional 6,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Equinox Gold by 24.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,169 shares of the company’s stock valued at $301,000 after buying an additional 14,049 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Equinox Gold by 1,619.0% during the 3rd quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company’s stock valued at $11,679,000 after acquiring an additional 2,613,815 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Equinox Gold by 4.5% in the third quarter. CIBC Asset Management Inc now owns 332,793 shares of the company’s stock worth $1,403,000 after acquiring an additional 14,406 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

EQX has been the topic of a number of recent research reports. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. National Bank Financial raised shares of Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research note on Friday, April 26th.

Equinox Gold Trading Down 1.3 %

Shares of EQX opened at $5.38 on Friday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 59.78 and a beta of 1.33. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. Equinox Gold Corp. has a one year low of $3.95 and a one year high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $297.80 million during the quarter. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. As a group, equities analysts predict that Equinox Gold Corp. will post 0.34 EPS for the current year.

About Equinox Gold

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.