Aigen Investment Management LP Has $118,000 Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Aigen Investment Management LP lessened its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQXGet Rating) by 63.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,268 shares of the company’s stock after selling 25,212 shares during the period. Aigen Investment Management LP’s holdings in Equinox Gold were worth $118,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EQX. CWM LLC acquired a new position in Equinox Gold in the fourth quarter worth about $39,000. Ieq Capital LLC acquired a new position in Equinox Gold in the fourth quarter worth about $338,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Equinox Gold by 185.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,892 shares of the company’s stock worth $466,000 after purchasing an additional 45,449 shares in the last quarter. HC Advisors LLC raised its position in Equinox Gold by 23.0% in the fourth quarter. HC Advisors LLC now owns 32,943 shares of the company’s stock worth $223,000 after purchasing an additional 6,157 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Equinox Gold by 31.8% during the fourth quarter. SG Americas Securities LLC now owns 91,936 shares of the company’s stock worth $621,000 after buying an additional 22,200 shares during the last quarter. Institutional investors and hedge funds own 35.13% of the company’s stock.

Equinox Gold Stock Down 6.7 %

EQX opened at $4.01 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. Equinox Gold Corp. has a twelve month low of $3.75 and a twelve month high of $9.07.

Equinox Gold (NYSEAMERICAN:EQXGet Rating) last posted its earnings results on Tuesday, May 3rd. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). The firm had revenue of $223.20 million during the quarter. Equinox Gold had a return on equity of 0.42% and a net margin of 0.67%. As a group, equities research analysts expect that Equinox Gold Corp. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EQX shares. Stifel Nicolaus decreased their price objective on shares of Equinox Gold from C$16.25 to C$11.50 in a research note on Wednesday, July 20th. TD Securities decreased their price objective on shares of Equinox Gold from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Thursday. Scotiabank cut shares of Equinox Gold from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 5th. Desjardins decreased their price objective on shares of Equinox Gold from C$12.00 to C$11.25 in a research note on Friday, May 6th. Finally, BMO Capital Markets decreased their price target on shares of Equinox Gold from C$14.50 to C$14.00 in a research note on Tuesday, May 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.55.

About Equinox Gold

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Equinox Gold Corp. engages in the operation, acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. Its properties include the Aurizona gold mine located in Maranhão State; the RDM gold mine located in Minas Gerais State; and Fazenda gold mine and the Santa Luz gold mine located in Bahia State, Brazil.

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Institutional Ownership by Quarter for Equinox Gold (NYSEAMERICAN:EQX)

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