Mirae Asset Global Investments Co. Ltd. grew its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) by 328.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 999,780 shares of the company’s stock after buying an additional 766,250 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Equinox Gold were worth $4,888,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of Equinox Gold by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company’s stock worth $377,000 after buying an additional 2,500 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Equinox Gold by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 110,449 shares of the company’s stock worth $506,000 after buying an additional 2,540 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Equinox Gold by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company’s stock worth $485,000 after buying an additional 2,669 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Equinox Gold by 0.9% in the 1st quarter. CIBC Asset Management Inc now owns 316,923 shares of the company’s stock worth $1,626,000 after buying an additional 2,879 shares in the last quarter. Finally, Profund Advisors LLC grew its stake in shares of Equinox Gold by 14.6% in the 1st quarter. Profund Advisors LLC now owns 22,844 shares of the company’s stock worth $118,000 after buying an additional 2,908 shares in the last quarter. 38.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on EQX shares. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th.
Check Out Our Latest Analysis on EQX
Equinox Gold Stock Down 2.3 %
EQX stock opened at $5.83 on Tuesday. Equinox Gold Corp. has a 12 month low of $3.95 and a 12 month high of $6.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. The stock has a market cap of $1.92 billion, a P/E ratio of 64.78 and a beta of 1.31.
Equinox Gold (NYSEAMERICAN:EQX – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $297.80 million during the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. As a group, research analysts forecast that Equinox Gold Corp. will post 0.12 earnings per share for the current fiscal year.
Equinox Gold 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.
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