Goehring & Rozencwajg Associates LLC Sells 50,795 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Goehring & Rozencwajg Associates LLC decreased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,528,556 shares of the company’s stock after selling 50,795 shares during the period. Equinox Gold accounts for about 1.6% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 26th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Equinox Gold were worth $7,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new stake in Equinox Gold in the third quarter worth about $43,000. Joel Isaacson & Co. LLC purchased a new stake in shares of Equinox Gold in the third quarter worth $61,000. Synovus Financial Corp purchased a new stake in Equinox Gold during the 3rd quarter valued at about $61,000. Veracity Capital LLC bought a new stake in shares of Equinox Gold during the third quarter valued at approximately $61,000. Finally, Choreo LLC bought a new stake in shares of Equinox Gold in the 4th quarter worth $63,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EQX. TD Cowen initiated coverage on Equinox Gold in a report on Tuesday. They set a “hold” rating and a $35.00 price target on the stock. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research note on Tuesday.

Equinox Gold Trading Down 0.9 %

Shares of EQX opened at $6.63 on Friday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 13.53 and a beta of 1.33. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year high of $6.86.

Equinox Gold (NYSEAMERICAN:EQX) last issued 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 during the quarter, compared to the consensus estimate of $437.84 million. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. As a group, analysts forecast that Equinox Gold Corp. will post 0.36 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.