Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,901,076 shares of the company's stock after selling 107,073 shares during the quarter. Mackenzie Financial Corp owned 1.51% of Equinox Gold worth $47,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its position in Equinox Gold by 50.1% during the 1st quarter. LPL Financial LLC now owns 646,649 shares of the company's stock valued at $4,449,000 after purchasing an additional 215,927 shares during the period. TD Asset Management Inc boosted its holdings in shares of Equinox Gold by 4.4% during the 1st quarter. TD Asset Management Inc now owns 1,382,033 shares of the company's stock valued at $9,497,000 after buying an additional 58,242 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Equinox Gold by 42.1% during the 1st quarter. Cetera Investment Advisers now owns 26,874 shares of the company's stock valued at $185,000 after buying an additional 7,962 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Equinox Gold during the 1st quarter valued at $937,000. Finally, Galibier Capital Management Ltd. bought a new position in Equinox Gold in the 1st quarter worth about $3,917,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Stock Down 0.5%

Shares of Equinox Gold stock traded down $0.03 during trading on Friday, hitting $6.07. 11,408,353 shares of the stock traded hands, compared to its average volume of 12,517,789. The firm has a market cap of $4.61 billion, a P/E ratio of 12.14 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.38. The stock's fifty day simple moving average is $6.32 and its 200 day simple moving average is $6.30. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week high of $7.45.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The business had revenue of $423.72 million for the quarter, compared to analysts' expectations of $404.00 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. Equinox Gold's revenue was up 75.6% on a year-over-year basis. On average, equities analysts predict that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. TD Securities upgraded shares of Equinox Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, July 16th. BMO Capital Markets assumed coverage on shares of Equinox Gold in a research report on Wednesday, June 18th. They set an "outperform" rating for the company. CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a research report on Tuesday, July 15th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a research report on Friday, June 13th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

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.