Raymond James & Associates Sells 14,316 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Raymond James & Associates decreased its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 631,411 shares of the company’s stock after selling 14,316 shares during the period. Raymond James & Associates owned 0.15% of Equinox Gold worth $3,845,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Maple Rock Capital Partners Inc. bought a new stake in Equinox Gold in the 1st quarter valued at about $29,741,000. Van ECK Associates Corp boosted its holdings in Equinox Gold by 10.5% in the 2nd quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company’s stock valued at $199,609,000 after purchasing an additional 3,628,998 shares during the period. Mackenzie Financial Corp boosted its holdings in Equinox Gold by 54.6% in the 2nd quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock valued at $46,732,000 after purchasing an additional 3,162,992 shares during the period. Donald Smith & CO. Inc. boosted its holdings in Equinox Gold by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 13,322,869 shares of the company’s stock valued at $69,679,000 after purchasing an additional 2,873,059 shares during the period. Finally, Gemsstock Ltd. bought a new stake in Equinox Gold in the 2nd quarter valued at about $13,045,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

NYSEAMERICAN EQX opened at $5.44 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.88 and a beta of 1.31. Equinox Gold Corp. has a 12-month low of $3.95 and a 12-month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. The company had revenue of $269.43 million during the quarter. On average, research analysts predict that Equinox Gold Corp. will post 0.36 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.