Equinox Gold Corp. (NYSEAMERICAN:EQX) Stock Holdings Lessened by Voloridge Investment Management LLC

Voloridge Investment Management LLC reduced its position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 74.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 320,029 shares of the company's stock after selling 938,470 shares during the period. Voloridge Investment Management LLC owned approximately 0.07% of Equinox Gold worth $1,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQX. Donald Smith & CO. Inc. lifted its position in shares of Equinox Gold by 49.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after purchasing an additional 8,949,544 shares during the last quarter. Invesco Ltd. lifted its position in shares of Equinox Gold by 41.3% during the fourth quarter. Invesco Ltd. now owns 9,029,240 shares of the company's stock worth $45,327,000 after purchasing an additional 2,640,109 shares during the last quarter. Phoenix Financial Ltd. bought a new position in shares of Equinox Gold during the fourth quarter worth about $11,044,000. Compass Rose Asset Management LP lifted its position in shares of Equinox Gold by 1,500.0% during the fourth quarter. Compass Rose Asset Management LP now owns 1,600,000 shares of the company's stock worth $8,032,000 after purchasing an additional 1,500,000 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Equinox Gold during the fourth quarter worth about $5,304,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQX shares. TD Securities raised shares of Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen began coverage on shares of Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price on the stock. Finally, National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st.

Equinox Gold Stock Performance

NYSEAMERICAN EQX traded up $0.09 during trading hours on Friday, reaching $6.60. The company's stock had a trading volume of 9,584,933 shares, compared to its average volume of 6,299,645. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $6.54 and a 200 day simple moving average of $6.10. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.45. The stock has a market cap of $3.01 billion, a PE ratio of 12.22 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.19). Equinox Gold had a net margin of 17.81% and a return on equity of 3.20%. The firm had revenue of $423.72 million during the quarter, compared to analyst estimates of $404.00 million. During the same quarter in the previous year, the business posted ($0.13) EPS. Equinox Gold's revenue for the quarter was up 75.6% compared to the same quarter last year. Equities research analysts predict that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

About Equinox Gold

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.