Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 6.7% in the third quarter, HoldingsChannel.com reports. The firm owned 172,467 shares of the company’s stock after acquiring an additional 10,886 shares during the quarter. Geode Capital Management LLC’s holdings in Equinox Gold were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQX. Bank of New York Mellon Corp lifted its stake in Equinox Gold by 15.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock worth $138,000 after acquiring an additional 3,528 shares in the last quarter. Private Advisor Group LLC increased its stake in Equinox Gold by 2.0% during the second quarter. Private Advisor Group LLC now owns 201,057 shares of the company’s stock worth $1,052,000 after purchasing an additional 3,862 shares during the period. Northwest & Ethical Investments L.P. lifted its position in shares of Equinox Gold by 20.4% during the third quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock worth $151,000 after purchasing an additional 4,198 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of 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 purchasing an additional 5,000 shares during the period. Finally, Harvest Portfolios Group Inc. grew its holdings in shares of Equinox Gold by 5.2% in the third quarter. Harvest Portfolios Group Inc. now owns 108,963 shares of the company’s stock valued at $665,000 after purchasing an additional 5,418 shares in the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Up 9.8 %

Shares of EQX opened at $5.80 on Friday. The company has a market cap of $2.64 billion, a P/E ratio of 11.84 and a beta of 1.31. Equinox Gold Corp. has a fifty-two week low of $3.95 and a fifty-two week high of $6.50. 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) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $428.40 million for the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. On average, equities research analysts forecast that Equinox Gold Corp. will post 0.43 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.