PDT Partners LLC Cuts Stock Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

PDT Partners LLC decreased its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 42.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 228,837 shares of the company’s stock after selling 171,369 shares during the quarter. PDT Partners LLC’s holdings in Equinox Gold were worth $1,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kings Path Partners LLC bought a new stake in Equinox Gold during the second quarter worth $27,000. Continuum Advisory LLC purchased a new stake in shares of Equinox Gold during the 2nd quarter valued at $29,000. Veracity Capital LLC bought a new stake in shares of Equinox Gold during the 3rd quarter worth $61,000. Joel Isaacson & Co. LLC purchased a new position in shares of Equinox Gold in the 3rd quarter worth about $61,000. Finally, Evergreen Capital Management LLC grew its position in Equinox Gold by 30.2% during the second quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock valued at $113,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $5.65 on Monday. The stock has a market cap of $2.57 billion, a P/E ratio of 11.53 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 posted 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 firm had revenue of $428.40 million for the quarter, compared to the consensus estimate of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. As a group, analysts anticipate that Equinox Gold Corp. will post 0.38 earnings per share 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.