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

Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 736,200 shares of the company’s stock after selling 5,200 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Equinox Gold worth $4,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its position in Equinox Gold by 7.7% in the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock valued at $247,549,000 after purchasing an additional 2,954,174 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Equinox Gold by 35.5% in the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after buying an additional 4,727,570 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Equinox Gold by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock valued at $63,325,000 after buying an additional 943,855 shares during the period. Mackenzie Financial Corp lifted its stake in Equinox Gold by 54.6% during the 2nd quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock worth $46,732,000 after acquiring an additional 3,162,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Equinox Gold by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,805,581 shares of the company’s stock valued at $40,824,000 after acquiring an additional 597,182 shares during the period. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Shares of EQX stock opened at $5.70 on Friday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 11.63 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 52 week low of $3.95 and a 52 week high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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%. Equinox Gold’s revenue was up 50.5% compared to the same quarter last year. As a group, analysts anticipate that Equinox Gold Corp. will post 0.38 EPS for the current 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.