Quantbot Technologies LP Acquires Shares of 112,248 Equinox Gold Corp. (NYSEAMERICAN:EQX)

Quantbot Technologies LP bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 112,248 shares of the company’s stock, valued at approximately $684,000.

Other hedge funds have also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its position in Equinox Gold by 35.5% during the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after purchasing an additional 4,727,570 shares during the period. Van ECK Associates Corp boosted its stake in shares of Equinox Gold by 10.5% in 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 last quarter. Mackenzie Financial Corp grew its holdings in shares of Equinox Gold by 54.6% in the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock worth $46,732,000 after acquiring an additional 3,162,992 shares during the period. Gemsstock Ltd. purchased a new stake in Equinox Gold during the second quarter valued at $13,045,000. Finally, Vanguard Group Inc. lifted its holdings in Equinox Gold by 9.9% in the first quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock valued at $63,325,000 after acquiring an additional 943,855 shares during the period. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

Equinox Gold stock opened at $5.53 on Tuesday. Equinox Gold Corp. has a 52-week low of $3.95 and a 52-week high of $6.50. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 11.27 and a beta of 1.31. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The business had revenue of $428.40 million for the quarter, compared to the consensus estimate of $437.84 million. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. On average, equities research analysts expect that Equinox Gold Corp. will post 0.38 EPS for the current 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.