JPMorgan Chase & Co. Takes $1.23 Million Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

JPMorgan Chase & Co. purchased a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 201,486 shares of the company's stock, valued at approximately $1,227,000.

A number of other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI grew its position in shares of Equinox Gold by 15.3% during the third quarter. National Bank of Canada FI now owns 2,288,413 shares of the company's stock valued at $13,938,000 after purchasing an additional 303,904 shares in the last quarter. Stifel Financial Corp purchased a new position in Equinox Gold in the third quarter worth about $1,388,000. Van ECK Associates Corp grew its position in Equinox Gold by 7.7% in the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company's stock worth $247,549,000 after acquiring an additional 2,954,174 shares in the last quarter. Maple Rock Capital Partners Inc. lifted 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 during the last quarter. Finally, Donald Smith & CO. Inc. lifted its stake 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 worth $109,927,000 after purchasing an additional 4,727,570 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

Shares of Equinox Gold stock traded up $0.20 on Friday, hitting $5.87. 4,377,990 shares of the company traded hands, compared to its average volume of 5,128,355. 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 Corp. has a 52 week low of $3.95 and a 52 week high of $6.50. The company has a market capitalization of $2.67 billion, a PE ratio of 11.98 and a beta of 1.30.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) 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). 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 the consensus estimate of $437.84 million. The firm's revenue was up 50.5% compared to the same quarter last year. As a group, equities analysts forecast that Equinox Gold Corp. will post 0.36 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.