Quadrature Capital Ltd bought a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 219,600 shares of the company's stock, valued at approximately $1,343,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQX. Van ECK Associates Corp lifted 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 period. SG Americas Securities LLC raised its holdings in shares of Equinox Gold by 152.1% during the second quarter. SG Americas Securities LLC now owns 354,702 shares of the company's stock worth $1,855,000 after purchasing an additional 213,992 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Equinox Gold by 35.5% during the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company's stock valued at $109,927,000 after purchasing an additional 4,727,570 shares during the period. Quantbot Technologies LP purchased a new stake in Equinox Gold in the third quarter valued at $684,000. Finally, Maple Rock Capital Partners Inc. grew its position in 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 purchasing an additional 2,349,000 shares during the period. Hedge funds and other institutional investors own 38.85% of the company's stock.
Equinox Gold Stock Down 3.1 %
EQX stock traded down $0.18 during midday trading on Friday, hitting $5.68. 4,131,286 shares of the stock traded hands, compared to its average volume of 3,694,317. The firm has a market cap of $2.59 billion, a PE ratio of 11.59 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 debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.
Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released 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 return on equity of 0.69% and a net margin of 19.83%. The company had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. The business's revenue was up 50.5% on a year-over-year basis. On average, research analysts forecast that Equinox Gold Corp. will post 0.38 EPS for the current year.
About Equinox Gold
(
Free Report)
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.
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