Mackenzie Financial Corp lifted its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) by 54.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,953,104 shares of the company’s stock after acquiring an additional 3,162,992 shares during the quarter. Mackenzie Financial Corp owned 2.09% of Equinox Gold worth $46,732,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. acquired a new position in Equinox Gold in the 1st quarter valued at about $29,741,000. Van ECK Associates Corp increased its stake in Equinox Gold by 10.5% during the 2nd quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company’s stock worth $199,609,000 after buying an additional 3,628,998 shares during the period. Donald Smith & CO. Inc. lifted its holdings in Equinox Gold by 27.5% during the 2nd quarter. Donald Smith & CO. Inc. now owns 13,322,869 shares of the company’s stock worth $69,679,000 after buying an additional 2,873,059 shares in the last quarter. Gemsstock Ltd. purchased a new position in Equinox Gold in the 2nd quarter valued at approximately $13,045,000. Finally, Norges Bank purchased a new position in Equinox Gold in the 4th quarter valued at approximately $9,111,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.
Equinox Gold Stock Down 5.0 %
Equinox Gold stock opened at $6.14 on Friday. The firm has a market cap of $2.63 billion, a PE ratio of -68.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.45 and a current ratio of 1.10. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50.
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.
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