Great Valley Advisor Group Inc. Has $64,000 Stock Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Great Valley Advisor Group Inc. lessened its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 19.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,018 shares of the company’s stock after selling 3,236 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Equinox Gold were worth $64,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQX. Van ECK Associates Corp raised its position in shares of Equinox Gold by 2.9% during the fourth quarter. Van ECK Associates Corp now owns 31,940,259 shares of the company’s stock worth $156,182,000 after purchasing an additional 900,084 shares during the period. Donald Smith & CO. Inc. raised its holdings in Equinox Gold by 52.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company’s stock worth $46,603,000 after buying an additional 3,262,602 shares during the period. Vanguard Group Inc. lifted its stake in Equinox Gold by 0.9% in the third quarter. Vanguard Group Inc. now owns 9,413,329 shares of the company’s stock valued at $39,818,000 after buying an additional 86,481 shares in the last quarter. Sprott Inc. boosted its holdings in shares of Equinox Gold by 3.2% in the third quarter. Sprott Inc. now owns 8,405,867 shares of the company’s stock valued at $35,440,000 after buying an additional 262,591 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Equinox Gold by 58.6% during the fourth quarter. Mackenzie Financial Corp now owns 4,401,254 shares of the company’s stock worth $21,401,000 after acquiring an additional 1,625,994 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $5.55 on Wednesday. Equinox Gold Corp. has a one year low of $3.95 and a one year high of $6.50. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 61.67 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The firm 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.

Analyst Upgrades and Downgrades

EQX has been the subject of a number of research analyst reports. 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. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

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.