Equinox Gold Corp. (NYSEAMERICAN:EQX) is Helikon Investments Ltd's 10th Largest Position

Key Points

• Helikon Investments Ltd increased its holdings in Equinox Gold Corp by 229.3% during the first quarter, acquiring an additional 3,909,705 shares.
• Equinox Gold Corp has received varied ratings from analysts, with TD Securities upgrading it to a "buy" rating, while others maintain "hold" or "neutral" ratings.
• The company's latest earnings report showed a revenue increase of 75.6% year-over-year, despite a reported loss per share of ($0.08) for the quarter.

Helikon Investments Ltd grew its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 229.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,614,735 shares of the company's stock after buying an additional 3,909,705 shares during the quarter. Equinox Gold accounts for approximately 3.0% of Helikon Investments Ltd's holdings, making the stock its 10th biggest holding. Helikon Investments Ltd owned 1.23% of Equinox Gold worth $38,629,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Veracity Capital LLC grew its stake in shares of Equinox Gold by 14.2% in the first quarter. Veracity Capital LLC now owns 12,589 shares of the company's stock valued at $87,000 after buying an additional 1,564 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Equinox Gold by 3.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company's stock valued at $308,000 after buying an additional 1,956 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Equinox Gold by 2.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company's stock valued at $592,000 after buying an additional 1,990 shares in the last quarter. Continuum Advisory LLC boosted its position in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock worth $52,000 after purchasing an additional 2,620 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Equinox Gold by 16.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,358 shares of the company's stock worth $102,000 after purchasing an additional 2,855 shares during the period. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Stock Down 0.1%

Shares of NYSEAMERICAN:EQX traded down $0.01 during trading on Wednesday, reaching $6.81. 8,668,192 shares of the stock were exchanged, compared to its average volume of 11,994,854. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.50. Equinox Gold Corp. has a 1-year low of $4.95 and a 1-year high of $7.45. The stock has a fifty day moving average of $6.29 and a two-hundred day moving average of $6.38. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 13.61 and a beta of 1.10.

Analyst Ratings Changes

A number of research analysts recently commented on EQX shares. CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a research note on Tuesday, July 15th. TD Securities raised Equinox Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, July 16th. National Bankshares reissued an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. Finally, BMO Capital Markets began coverage on Equinox Gold in a research note on Wednesday, June 18th. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

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.