The Manufacturers Life Insurance Company Acquires 61,774 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

The Manufacturers Life Insurance Company lifted its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 26.2% during the 2nd quarter, Holdings Channel reports. The firm owned 297,840 shares of the company’s stock after purchasing an additional 61,774 shares during the period. The Manufacturers Life Insurance Company’s holdings in Equinox Gold were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQX. Squarepoint Ops LLC bought a new position in shares of Equinox Gold in the second quarter worth $116,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Equinox Gold by 5.9% in the 2nd 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 during the period. Evergreen Capital Management LLC increased its holdings in 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 buying an additional 5,000 shares during the period. Herr Investment Group LLC raised its position in shares of Equinox Gold by 62.6% in the 2nd quarter. Herr Investment Group LLC now owns 2,325,521 shares of the company’s stock valued at $12,162,000 after buying an additional 895,361 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Equinox Gold by 72.1% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,500,244 shares of the company’s stock worth $7,828,000 after acquiring an additional 628,400 shares during the period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $5.84 on Friday. Equinox Gold Corp. has a 1 year low of $3.95 and a 1 year high of $6.50. The company has a market capitalization of $2.50 billion, a P/E ratio of -62.83 and a beta of 1.31. 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 issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. The company had revenue of $269.43 million for the quarter. Equities analysts anticipate that Equinox Gold Corp. will post 0.41 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.