HighTower Advisors LLC Trims Stake in Equinox Gold Corp. (NYSEAMERICAN:EQX)

HighTower Advisors LLC cut its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 96.4% in the third quarter, Holdings Channel.com reports. The firm owned 10,276 shares of the company’s stock after selling 276,542 shares during the quarter. HighTower Advisors LLC’s holdings in Equinox Gold were worth $62,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Kings Path Partners LLC bought a new position in Equinox Gold in the 2nd quarter valued at $27,000. Veracity Capital LLC bought a new position in shares of Equinox Gold in the third quarter worth about $61,000. Joel Isaacson & Co. LLC purchased a new position in Equinox Gold in the 3rd quarter worth about $61,000. Evergreen Capital Management LLC increased its stake in Equinox Gold by 30.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock worth $113,000 after buying an additional 5,000 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Equinox Gold during the 2nd quarter valued at about $116,000. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Stock Performance

Shares of EQX stock opened at $5.12 on Friday. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.45 and a beta of 1.31. Equinox Gold Corp. has a one year low of $3.95 and a one year high of $6.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The firm had revenue of $428.40 million for the quarter, compared to analysts’ expectations of $437.84 million. The business’s quarterly revenue was up 50.5% on a year-over-year basis. On average, analysts anticipate that Equinox Gold Corp. will post 0.38 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.