Hartree Partners LP Sells 111,248 Shares of Equinox Gold Corp. $EQX

Key Points

• Hartree Partners LP reduced its stake in Equinox Gold Corp. by 42.6%, leaving them with 150,000 shares valued at approximately $1.03 million.
• Institutional investors showed varying changes, with Vanguard Group increasing its position by 7.4% to over 14 million shares worth about $102 million.
• Equinox Gold reported a significant growth in revenues, up 77.7% year-over-year, with earnings per share of $0.11 for the latest quarter, exceeding expectations.

Hartree Partners LP cut its position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 42.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the company's stock after selling 111,248 shares during the quarter. Hartree Partners LP's holdings in Equinox Gold were worth $1,032,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EQX. Vanguard Group Inc. raised its position in shares of Equinox Gold by 7.4% during the first quarter. Vanguard Group Inc. now owns 14,852,614 shares of the company's stock worth $102,082,000 after acquiring an additional 1,029,738 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Equinox Gold by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock worth $45,985,000 after acquiring an additional 750,300 shares during the last quarter. Invesco Ltd. raised its position in shares of Equinox Gold by 0.7% during the first quarter. Invesco Ltd. now owns 9,093,341 shares of the company's stock worth $62,562,000 after acquiring an additional 64,101 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Equinox Gold by 42.6% during the fourth quarter. Mackenzie Financial Corp now owns 7,008,149 shares of the company's stock worth $35,260,000 after acquiring an additional 2,093,437 shares during the last quarter. Finally, Helikon Investments Ltd raised its position in shares of Equinox Gold by 229.3% during the first quarter. Helikon Investments Ltd now owns 5,614,735 shares of the company's stock worth $38,629,000 after acquiring an additional 3,909,705 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. National Bankshares restated an "outperform" rating on shares of Equinox Gold in a research report on Friday, August 15th. Zacks Research upgraded Equinox Gold from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. BMO Capital Markets began coverage on Equinox Gold in a report on Wednesday, June 18th. They issued an "outperform" rating for the company. Cormark upgraded Equinox Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, August 15th. Finally, CIBC reiterated a "neutral" rating on shares of Equinox Gold in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Equinox Gold presently has an average rating of "Moderate Buy" and an average price target of $35.00.

Equinox Gold Price Performance

Shares of EQX traded down $0.03 during midday trading on Wednesday, reaching $8.20. The stock had a trading volume of 6,576,541 shares, compared to its average volume of 12,229,172. The company's 50-day moving average is $6.50 and its 200 day moving average is $6.55. Equinox Gold Corp. has a 12-month low of $4.95 and a 12-month high of $8.28. The company has a current ratio of 0.94, a quick ratio of 0.53 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of -136.64 and a beta of 1.10.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. Equinox Gold had a positive return on equity of 3.54% and a negative net margin of 1.21%.The firm had revenue of $478.64 million during the quarter, compared to analysts' expectations of $470.00 million. During the same period in the prior year, the business earned ($0.01) EPS. The company's revenue for the quarter was up 77.7% compared to the same quarter last year. On average, equities analysts predict that Equinox Gold Corp. will post 0.85 EPS for the current fiscal year.

Equinox Gold Company 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.