Goehring & Rozencwajg Associates LLC Acquires 628,400 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Goehring & Rozencwajg Associates LLC increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 72.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,500,244 shares of the company’s stock after acquiring an additional 628,400 shares during the period. Equinox Gold comprises 1.6% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 26th biggest position. Goehring & Rozencwajg Associates LLC owned about 0.35% of Equinox Gold worth $7,828,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kings Path Partners LLC bought a new stake in Equinox Gold during the 2nd quarter valued at $27,000. Continuum Advisory LLC bought a new stake in Equinox Gold during the 2nd quarter valued at $29,000. &PARTNERS bought a new stake in Equinox Gold during the 1st quarter valued at $60,000. Advisor Resource Council bought a new stake in Equinox Gold during the 1st quarter valued at $76,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Equinox Gold during the 4th quarter valued at $80,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Down 4.1 %

Shares of NYSEAMERICAN EQX opened at $5.90 on Thursday. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -65.55 and a beta of 1.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.10 and a quick ratio of 0.45.

Equinox Gold (NYSEAMERICAN:EQX) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. The business had revenue of $269.43 million for the quarter. As a group, sell-side analysts expect that Equinox Gold Corp. will post 0.38 EPS for the current 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.