Gordian Capital Singapore Pte Ltd Purchases Shares of 57,400 Equinox Gold Corp. (NYSEAMERICAN:EQX)

Gordian Capital Singapore Pte Ltd purchased a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 57,400 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in shares of Equinox Gold by 54.6% in the 2nd quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock valued at $46,732,000 after buying an additional 3,162,992 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Equinox Gold by 26.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 297,840 shares of the company’s stock worth $1,552,000 after purchasing an additional 61,774 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Equinox Gold during the 2nd quarter valued at $116,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Equinox Gold by 5.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 199,795 shares of the company’s stock valued at $1,043,000 after buying an additional 11,186 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Equinox Gold by 30.2% in the second 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. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Stock Up 1.6 %

Shares of NYSEAMERICAN EQX opened at $6.19 on Wednesday. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -68.77 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 current ratio of 1.10, a quick ratio of 0.45 and a debt-to-equity ratio of 0.42.

Equinox Gold (NYSEAMERICAN:EQX) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. The firm had revenue of $269.43 million during the quarter. As a group, equities research analysts anticipate that Equinox Gold Corp. will post 0.41 EPS for the current fiscal 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.