Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 35.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,050,439 shares of the company's stock after buying an additional 4,727,570 shares during the quarter. Equinox Gold makes up approximately 2.6% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 15th largest position. Donald Smith & CO. Inc. owned about 4.21% of Equinox Gold worth $109,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kings Path Partners LLC bought a new position in shares of Equinox Gold during the second quarter valued at approximately $27,000. Continuum Advisory LLC acquired a new stake in shares of Equinox Gold during the second quarter worth $29,000. Veracity Capital LLC bought a new stake in shares of Equinox Gold in the 3rd quarter valued at about $61,000. Joel Isaacson & Co. LLC acquired a new position in shares of Equinox Gold in the third quarter valued at about $61,000. Finally, Advisor Resource Council bought a new stake in shares of Equinox Gold during the 1st quarter valued at approximately $76,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Trading Down 0.7 %

Shares of EQX stock traded down $0.04 during trading hours on Wednesday, hitting $5.80. 2,924,568 shares of the company were exchanged, compared to its average volume of 3,080,280. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. Equinox Gold Corp. has a 52-week low of $3.95 and a 52-week high of $6.50. The firm has a market cap of $2.49 billion, a P/E ratio of 11.56 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $269.43 million during the quarter. Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. Sell-side analysts anticipate that Equinox Gold Corp. will post 0.36 earnings per share 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.