Private Advisor Group LLC Sells 21,049 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Private Advisor Group LLC cut its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 180,008 shares of the company’s stock after selling 21,049 shares during the quarter. Private Advisor Group LLC’s holdings in Equinox Gold were worth $1,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Builder Investment Group Inc. ADV raised its holdings in shares of Equinox Gold by 2.4% during the third quarter. Builder Investment Group Inc. ADV now owns 1,044,584 shares of the company’s stock worth $6,362,000 after acquiring an additional 24,200 shares during the period. Bayshore Asset Management LLC acquired a new stake in Equinox Gold in the 3rd quarter valued at $365,000. Veracity Capital LLC acquired a new stake in Equinox Gold in the 3rd quarter valued at $61,000. Net Worth Advisory Group acquired a new stake in Equinox Gold in the 3rd quarter valued at $188,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of Equinox Gold in the 2nd quarter valued at about $1,308,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Price Performance

NYSEAMERICAN EQX opened at $5.41 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.82 and a beta of 1.31. Equinox Gold Corp. has a 12-month low of $3.95 and a 12-month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. The business had revenue of $269.43 million during the quarter. On average, research analysts predict that Equinox Gold Corp. will post 0.36 EPS for the current year.

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.