CenterBook Partners LP Sells 1,620,583 Shares of Equinox Gold Corp. $EQX

CenterBook Partners LP reduced its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 58.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,151,654 shares of the company’s stock after selling 1,620,583 shares during the quarter. CenterBook Partners LP owned approximately 0.15% of Equinox Gold worth $12,922,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EQX. Beirne Wealth Consulting Services LLC grew its holdings in Equinox Gold by 26.7% during the third quarter. Beirne Wealth Consulting Services LLC now owns 95,000 shares of the company’s stock valued at $1,066,000 after purchasing an additional 20,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Equinox Gold by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 27,464,616 shares of the company’s stock worth $307,659,000 after buying an additional 822,981 shares during the period. Smithfield Trust Co acquired a new position in Equinox Gold in the 3rd quarter valued at $43,000. JPMorgan Chase & Co. raised its holdings in Equinox Gold by 77.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 531,209 shares of the company’s stock worth $5,960,000 after acquiring an additional 231,088 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Equinox Gold by 3.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 100,804 shares of the company’s stock worth $1,131,000 after acquiring an additional 3,084 shares during the period. Institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Canadian Imperial Bank of Commerce cut shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Finally, Stifel Nicolaus assumed coverage on shares of Equinox Gold in a report on Tuesday, December 2nd. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.00.

Equinox Gold Trading Down 4.7%

Shares of Equinox Gold stock opened at $15.06 on Wednesday. Equinox Gold Corp. has a 52-week low of $5.59 and a 52-week high of $17.40. The firm has a market capitalization of $11.83 billion, a PE ratio of 301.26 and a beta of 1.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62. The company’s fifty day moving average price is $14.83 and its two-hundred day moving average price is $12.14.

Equinox Gold Company Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.