MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 315,779 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 158.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 514,980 shares of the company's stock after purchasing an additional 315,779 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.11% of Equinox Gold worth $2,588,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in EQX. Parvin Asset Management LLC bought a new position in Equinox Gold in the 4th quarter worth approximately $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Equinox Gold during the fourth quarter worth $47,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Equinox Gold in the fourth quarter worth $50,000. Gamco Investors INC. ET AL bought a new position in shares of Equinox Gold in the fourth quarter worth $56,000. Finally, Kiker Wealth Management LLC purchased a new position in shares of Equinox Gold in the fourth quarter valued at $58,000. 38.85% of the stock is currently owned by institutional investors.

Equinox Gold Price Performance

NYSEAMERICAN EQX traded up $0.16 on Monday, reaching $6.72. 15,604,658 shares of the company's stock traded hands, compared to its average volume of 6,207,498. The stock has a market cap of $3.06 billion, a PE ratio of 12.44 and a beta of 1.33. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.45. The stock has a 50-day simple moving average of $6.57 and a 200 day simple moving average of $6.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.19). The business had revenue of $423.72 million for the quarter, compared to the consensus estimate of $404.00 million. Equinox Gold had a net margin of 17.81% and a return on equity of 3.20%. Equinox Gold's revenue for the quarter was up 75.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) EPS. As a group, research analysts predict that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. National Bank Financial raised Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. TD Securities upgraded Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th. Finally, TD Cowen assumed coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective for the company.

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.