PDT Partners LLC Sells 171,369 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

PDT Partners LLC lowered its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 42.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,837 shares of the company’s stock after selling 171,369 shares during the quarter. PDT Partners LLC owned approximately 0.05% of Equinox Gold worth $1,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQX. Donald Smith & CO. Inc. boosted its position in Equinox Gold by 35.5% during the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock worth $109,927,000 after buying an additional 4,727,570 shares during the period. Van ECK Associates Corp increased its stake 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 valued at $199,609,000 after buying an additional 3,628,998 shares during the period. Mackenzie Financial Corp raised its position in shares of Equinox Gold by 54.6% during the second 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 during the last quarter. Gemsstock Ltd. acquired a new position in shares of Equinox Gold in the second quarter worth approximately $13,045,000. Finally, Vanguard Group Inc. boosted its holdings in Equinox Gold by 9.9% in the first quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock valued at $63,325,000 after acquiring an additional 943,855 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $5.65 on Monday. Equinox Gold Corp. has a 1 year low of $3.95 and a 1 year high of $6.50. The stock has a market capitalization of $2.57 billion, a PE ratio of 11.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The company had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. The company’s revenue was up 50.5% on a year-over-year basis. Equities analysts anticipate that Equinox Gold Corp. will post 0.38 EPS 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.