Acuitas Investments LLC Buys 73,402 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Acuitas Investments LLC boosted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446,574 shares of the company's stock after purchasing an additional 73,402 shares during the quarter. Equinox Gold accounts for approximately 2.6% of Acuitas Investments LLC's holdings, making the stock its 15th biggest position. Acuitas Investments LLC owned 0.10% of Equinox Gold worth $3,072,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Equinox Gold by 719.4% in the fourth quarter. Bank of New York Mellon Corp now owns 154,650 shares of the company's stock valued at $776,000 after purchasing an additional 135,776 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Equinox Gold in the 4th quarter valued at $187,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Equinox Gold by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 931,677 shares of the company's stock worth $4,690,000 after acquiring an additional 17,886 shares during the period. Bard Associates Inc. increased its stake in Equinox Gold by 1.7% in the fourth quarter. Bard Associates Inc. now owns 466,975 shares of the company's stock valued at $2,344,000 after acquiring an additional 7,680 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Equinox Gold in the fourth quarter valued at about $3,085,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

Shares of EQX stock traded down $0.04 during midday trading on Friday, hitting $5.80. 10,925,711 shares of the company were exchanged, compared to its average volume of 7,765,501. The firm has a market capitalization of $4.39 billion, a P/E ratio of 11.60 and a beta of 1.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.50 and a current ratio of 0.85. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.45. The firm's 50 day moving average price is $6.40 and its two-hundred day moving average price is $6.19.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). The firm had revenue of $423.72 million for the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a return on equity of 2.20% and a net margin of 13.96%. The business's revenue was up 75.6% on a year-over-year basis. During the same period last year, the company posted ($0.13) EPS. As a group, equities research analysts anticipate that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on EQX. National Bankshares reaffirmed an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. BMO Capital Markets assumed coverage on Equinox Gold in a research report on Wednesday, June 18th. They issued an "outperform" rating for the company. National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, CIBC reiterated a "neutral" rating on shares of Equinox Gold in a research report on Friday, June 13th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Equinox Gold currently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Equinox Gold Company 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.