Wellington Management Group LLP Acquires Shares of 912,113 Equinox Gold Corp. (NYSEAMERICAN:EQX)

Wellington Management Group LLP bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 912,113 shares of the company's stock, valued at approximately $5,570,000. Wellington Management Group LLP owned approximately 0.20% of Equinox Gold as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp increased its position in Equinox Gold by 7.7% during the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company's stock worth $247,549,000 after purchasing an additional 2,954,174 shares during the last quarter. Maple Rock Capital Partners Inc. increased its holdings in shares of Equinox Gold by 34.4% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock worth $55,842,000 after buying an additional 2,349,000 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in 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 acquiring an additional 4,727,570 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Equinox Gold during the third quarter worth $684,000. Finally, Mackenzie Financial Corp raised its position in Equinox Gold by 54.6% in the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company's stock valued at $46,732,000 after purchasing an additional 3,162,992 shares during the period. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Price Performance

EQX traded down $0.13 during mid-day trading on Tuesday, hitting $5.35. 4,586,015 shares of the stock were exchanged, compared to its average volume of 3,235,137. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 10.92 and a beta of 1.31. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year high of $6.50. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $437.84 million. The company's revenue was up 50.5% on a year-over-year basis. As a group, sell-side analysts expect that Equinox Gold Corp. will post 0.38 earnings per share for the current year.

Equinox Gold Company 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.