Bank of America Corp DE Boosts Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Bank of America Corp DE lifted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 134.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 327,058 shares of the company's stock after buying an additional 187,432 shares during the quarter. Bank of America Corp DE owned about 0.07% of Equinox Gold worth $1,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of EQX. Donald Smith & CO. Inc. raised its holdings in shares of Equinox Gold by 49.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after acquiring an additional 8,949,544 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Equinox Gold by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock worth $69,626,000 after purchasing an additional 236,455 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Equinox Gold by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock valued at $45,985,000 after buying an additional 750,300 shares during the period. Invesco Ltd. lifted its holdings in Equinox Gold by 41.3% during the fourth quarter. Invesco Ltd. now owns 9,029,240 shares of the company's stock valued at $45,327,000 after purchasing an additional 2,640,109 shares during the last quarter. Finally, Amundi grew its stake in Equinox Gold by 19.7% in the 4th quarter. Amundi now owns 2,885,004 shares of the company's stock valued at $14,483,000 after buying an additional 474,361 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Shares of Equinox Gold stock traded down $0.37 during trading on Friday, hitting $6.94. The stock had a trading volume of 22,816,187 shares, compared to its average volume of 6,656,359. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.45. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 12.85 and a beta of 1.33. The business's 50-day moving average is $6.55 and its 200 day moving average is $6.13.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its 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 business had revenue of $423.72 million during the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a return on equity of 3.20% and a net margin of 17.81%. Equinox Gold's revenue was up 75.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.13) earnings per share. As a group, sell-side analysts anticipate that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.

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.