The Manufacturers Life Insurance Company Purchases 634,210 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

The Manufacturers Life Insurance Company increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 212.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932,050 shares of the company's stock after purchasing an additional 634,210 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.20% of Equinox Gold worth $5,681,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kings Path Partners LLC bought a new stake in shares of Equinox Gold in the second quarter worth $27,000. Continuum Advisory LLC acquired a new stake in Equinox Gold in the 2nd quarter valued at $29,000. Veracity Capital LLC bought a new stake in Equinox Gold during the 3rd quarter worth about $61,000. Joel Isaacson & Co. LLC acquired a new position in shares of Equinox Gold during the 3rd quarter worth about $61,000. Finally, Evergreen Capital Management LLC grew its holdings in shares of Equinox Gold by 30.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company's stock valued at $113,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 38.85% of the company's stock.

Equinox Gold Stock Down 3.4 %

Shares of EQX stock traded down $0.20 during trading on Friday, reaching $5.66. 4,131,243 shares of the company's stock were exchanged, compared to its average volume of 3,167,621. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50. The firm has a market capitalization of $2.58 billion, a PE ratio of 11.59 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37.

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 net margin of 19.83% and a return on equity of 0.69%. The company had revenue of $428.40 million during the quarter, compared to the consensus estimate of $437.84 million. Equinox Gold's quarterly revenue was up 50.5% on a year-over-year basis. As a group, research analysts anticipate that Equinox Gold Corp. will post 0.38 EPS for the current year.

Equinox Gold Company 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.