Goehring & Rozencwajg Associates LLC Sells 50,795 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Goehring & Rozencwajg Associates LLC trimmed its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,528,556 shares of the company’s stock after selling 50,795 shares during the period. Equinox Gold accounts for 1.6% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 26th biggest position. Goehring & Rozencwajg Associates LLC owned about 0.34% of Equinox Gold worth $7,872,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EQX. Hobbs Group Advisors LLC purchased a new stake in Equinox Gold in the third quarter valued at approximately $43,000. Joel Isaacson & Co. LLC bought a new position in shares of Equinox Gold in the 3rd quarter worth $61,000. Veracity Capital LLC purchased a new stake in shares of Equinox Gold during the 3rd quarter valued at $61,000. Synovus Financial Corp bought a new stake in shares of Equinox Gold during the 3rd quarter worth $61,000. Finally, Choreo LLC purchased a new position in Equinox Gold in the fourth quarter worth $63,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Stock Down 0.9 %

Shares of Equinox Gold stock opened at $6.63 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. Equinox Gold Corp. has a 52-week low of $3.95 and a 52-week high of $6.86. The firm has a market capitalization of $3.02 billion, a PE ratio of 13.53 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $428.40 million for the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. Analysts predict that Equinox Gold Corp. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EQX shares. TD Securities raised Equinox Gold to a “hold” rating in a research note on Tuesday. TD Cowen assumed coverage on Equinox Gold in a research report on Tuesday. They issued a “hold” rating and a $35.00 target price for the company.

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.