Cambridge Investment Research Advisors Inc. Sells 42,351 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Cambridge Investment Research Advisors Inc. cut its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) by 67.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,040 shares of the company’s stock after selling 42,351 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Equinox Gold were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. grew its stake 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 purchasing an additional 2,500 shares in the last quarter. Hollencrest Capital Management grew its stake in Equinox Gold by 2.7% in the second quarter. Hollencrest Capital Management now owns 123,912 shares of the company’s stock valued at $550,000 after purchasing an additional 3,300 shares in the last quarter. Credit Suisse AG grew its stake in Equinox Gold by 1.6% in the second quarter. Credit Suisse AG now owns 226,225 shares of the company’s stock valued at $1,005,000 after purchasing an additional 3,530 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Equinox Gold by 28.9% in the first quarter. Brown Brothers Harriman & Co. now owns 18,979 shares of the company’s stock valued at $157,000 after purchasing an additional 4,250 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co grew its stake in Equinox Gold by 7.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 68,050 shares of the company’s stock valued at $303,000 after purchasing an additional 4,750 shares in the last quarter. 29.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Scotiabank decreased their price target on Equinox Gold from C$6.50 to C$6.00 in a research note on Friday, November 4th. Royal Bank of Canada downgraded Equinox Gold from a “sector perform” rating to an “underperform” rating in a research note on Monday, October 24th. National Bank Financial lifted their target price on Equinox Gold from C$5.50 to C$6.25 in a research note on Friday. BMO Capital Markets lifted their target price on Equinox Gold from C$6.00 to C$6.50 in a research note on Wednesday, December 7th. Finally, Stifel Nicolaus reduced their target price on Equinox Gold from C$10.50 to C$8.50 in a research note on Friday, November 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.79.

Equinox Gold Trading Up 3.2 %

Shares of NYSEAMERICAN EQX opened at $4.16 on Tuesday. The company has a market cap of $1.28 billion, a PE ratio of -37.82 and a beta of 1.02. Equinox Gold Corp. has a 12 month low of $2.35 and a 12 month high of $9.07. The company has a quick ratio of 1.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.32.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $245.10 million during the quarter. Equinox Gold had a negative net margin of 1.65% and a negative return on equity of 0.97%. On average, equities analysts anticipate that Equinox Gold Corp. will post -0.33 earnings per share for the current year.

Equinox Gold Company Profile

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Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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Institutional Ownership by Quarter for Equinox Gold (NYSEAMERICAN:EQX)

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