National Bank of Canada FI Acquires 303,904 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

National Bank of Canada FI lifted its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,288,413 shares of the company's stock after acquiring an additional 303,904 shares during the quarter. National Bank of Canada FI owned 0.50% of Equinox Gold worth $13,938,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Van ECK Associates Corp boosted its stake in Equinox Gold by 7.7% during the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company's stock valued at $247,549,000 after acquiring an additional 2,954,174 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Equinox Gold by 35.5% during the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company's stock worth $109,927,000 after purchasing an additional 4,727,570 shares during the last quarter. Maple Rock Capital Partners Inc. grew its stake in Equinox Gold by 34.4% in the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock worth $55,842,000 after purchasing an additional 2,349,000 shares in the last quarter. Mackenzie Financial Corp grew its stake in Equinox Gold by 54.6% in the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company's stock worth $46,732,000 after purchasing an additional 3,162,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Equinox Gold by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,805,581 shares of the company's stock valued at $40,824,000 after buying an additional 597,182 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX traded up $0.46 during trading on Wednesday, reaching $6.41. 6,971,300 shares of the company's stock traded hands, compared to its average volume of 3,203,668. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold Corp. has a 12 month low of $3.95 and a 12 month high of $6.50. The company has a market cap of $2.92 billion, a PE ratio of 13.20 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its 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). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The company had revenue of $428.40 million during the quarter, compared to analyst estimates of $437.84 million. The firm's revenue was up 50.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Equinox Gold Corp. will post 0.38 EPS for the current year.

About Equinox Gold

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.