International Assets Investment Management LLC Sells 13,225 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

International Assets Investment Management LLC reduced its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 54.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 11,145 shares of the company’s stock after selling 13,225 shares during the quarter. International Assets Investment Management LLC’s holdings in Equinox Gold were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EQX. Donald Smith & CO. Inc. boosted its stake in Equinox Gold by 52.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company’s stock valued at $46,603,000 after acquiring an additional 3,262,602 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Equinox Gold in the fourth quarter worth $11,742,000. Norges Bank acquired a new stake in shares of Equinox Gold during the fourth quarter worth $9,111,000. Mackenzie Financial Corp raised its holdings in shares of Equinox Gold by 58.6% during the fourth quarter. Mackenzie Financial Corp now owns 4,401,254 shares of the company’s stock worth $21,401,000 after acquiring an additional 1,625,994 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Equinox Gold by 3,396.3% during the third quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock worth $5,904,000 after acquiring an additional 1,357,849 shares during the period. 38.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded shares of Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a report on Friday, April 26th.

Equinox Gold Stock Up 0.4 %

Equinox Gold stock opened at $5.27 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of -59.22 and a beta of 1.32. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year high of $6.50. The company has a quick ratio of 0.49, a current ratio of 1.17 and a debt-to-equity ratio of 0.27.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $241.32 million during the quarter. Equinox Gold had a negative net margin of 2.85% and a positive return on equity of 0.43%. On average, equities analysts expect that Equinox Gold Corp. will post 0.37 earnings per share 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.