Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,008,149 shares of the company's stock after buying an additional 2,093,437 shares during the period. Mackenzie Financial Corp owned about 1.54% of Equinox Gold worth $35,260,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its stake in Equinox Gold by 49.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after purchasing an additional 8,949,544 shares during the period. Invesco Ltd. boosted its stake in Equinox Gold by 41.3% during the 4th quarter. Invesco Ltd. now owns 9,029,240 shares of the company's stock worth $45,327,000 after purchasing an additional 2,640,109 shares during the period. Phoenix Financial Ltd. acquired a new stake in Equinox Gold during the 4th quarter worth $11,044,000. Helikon Investments Ltd acquired a new stake in Equinox Gold during the 4th quarter worth $8,559,000. Finally, Compass Rose Asset Management LP boosted its stake in Equinox Gold by 1,500.0% during the 4th quarter. Compass Rose Asset Management LP now owns 1,600,000 shares of the company's stock worth $8,032,000 after purchasing an additional 1,500,000 shares during the period. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Trading Up 0.1%

Shares of NYSEAMERICAN EQX traded up $0.01 during midday trading on Friday, reaching $6.52. 5,180,411 shares of the stock were exchanged, compared to its average volume of 6,267,497. The company has a market capitalization of $2.97 billion, a P/E ratio of 12.06 and a beta of 1.33. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week high of $7.45. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $6.55 and a 200-day moving average price of $6.10.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.19). The company had revenue of $423.72 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. Equities research analysts expect that Equinox Gold Corp. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EQX. TD Cowen began coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price for the company. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th.

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.