Connor Clark & Lunn Investment Management Ltd. Trims Stake in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 736,200 shares of the company’s stock after selling 5,200 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Equinox Gold were worth $4,490,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Equinox Gold by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock worth $63,325,000 after purchasing an additional 943,855 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Equinox Gold by 45.6% during the first quarter. Toronto Dominion Bank now owns 94,657 shares of the company’s stock worth $570,000 after buying an additional 29,661 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Equinox Gold during the first quarter worth about $476,000. Knoll Capital Management LLC grew its holdings in shares of Equinox Gold by 30.9% during the first quarter. Knoll Capital Management LLC now owns 550,811 shares of the company’s stock worth $3,316,000 after buying an additional 129,882 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Equinox Gold in the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Down 0.3 %

Equinox Gold stock opened at $5.70 on Friday. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 11.63 and a beta of 1.31. 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 (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The firm’s revenue was up 50.5% compared to the same quarter last year. Analysts predict that Equinox Gold Corp. will post 0.38 earnings per share for the current fiscal 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.