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

HighTower Advisors LLC decreased its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 96.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor 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.

A number of other large investors also recently modified their holdings of EQX. Raymond James & Associates grew its holdings in Equinox Gold by 0.8% during the 2nd quarter. Raymond James & Associates now owns 645,727 shares of the company’s stock valued at $3,377,000 after buying an additional 5,143 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Equinox Gold by 15.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock worth $138,000 after purchasing an additional 3,528 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Equinox Gold by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,848 shares of the company’s stock valued at $396,000 after purchasing an additional 7,074 shares during the last quarter. Kings Path Partners LLC purchased a new position in shares of Equinox Gold during the second quarter valued at about $27,000. Finally, Van ECK Associates Corp increased its holdings in shares of Equinox Gold by 10.5% in the second quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company’s stock worth $199,609,000 after purchasing an additional 3,628,998 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at $5.12 on Friday. The company has a market cap of $2.33 billion, a P/E ratio of 10.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. Equinox Gold Corp. has a 12 month low of $3.95 and a 12 month high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (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 firm’s revenue for the quarter was up 50.5% on a year-over-year basis. As a group, analysts forecast that Equinox Gold Corp. will post 0.38 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.