Van ECK Associates Corp Boosts Stock Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Van ECK Associates Corp grew its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,121,033 shares of the company's stock after purchasing an additional 2,954,174 shares during the period. Van ECK Associates Corp owned about 9.59% of Equinox Gold worth $247,549,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in Equinox Gold by 1.9% in the first quarter. SG Americas Securities LLC now owns 140,710 shares of the company's stock valued at $847,000 after purchasing an additional 2,566 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Equinox Gold by 13.1% during the 1st quarter. Russell Investments Group Ltd. now owns 2,955,057 shares of the company's stock worth $17,841,000 after acquiring an additional 341,632 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Equinox Gold during the 1st quarter worth approximately $762,000. Vanguard Group Inc. boosted its position in shares of Equinox Gold by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company's stock worth $63,325,000 after acquiring an additional 943,855 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in Equinox Gold by 9.6% in the first quarter. Donald Smith & CO. Inc. now owns 10,449,810 shares of the company's stock valued at $62,908,000 after acquiring an additional 919,499 shares during the last quarter. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX traded down $0.10 during trading hours on Friday, hitting $5.44. The company's stock had a trading volume of 3,749,526 shares, compared to its average volume of 4,577,070. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.33 billion, a PE ratio of 10.88 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business 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%. On average, analysts anticipate that Equinox Gold Corp. will post 0.36 EPS for the current fiscal 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.