Parsons Capital Management Inc. RI Boosts Stock Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Parsons Capital Management Inc. RI boosted its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 227.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,000 shares of the company's stock after acquiring an additional 91,000 shares during the period. Parsons Capital Management Inc. RI's holdings in Equinox Gold were worth $901,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. lifted its holdings in Equinox Gold by 49.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock valued at $135,540,000 after acquiring an additional 8,949,544 shares during the last quarter. Vanguard Group Inc. lifted its stake in Equinox Gold by 1.7% during the fourth 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in Equinox Gold by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock worth $45,985,000 after purchasing an additional 750,300 shares in the last quarter. Invesco Ltd. lifted its stake in Equinox Gold by 41.3% during the fourth 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 in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Equinox Gold by 42.6% during the fourth quarter. Mackenzie Financial Corp now owns 7,008,149 shares of the company's stock worth $35,260,000 after purchasing an additional 2,093,437 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Equinox Gold Stock Down 5.9%

Shares of NYSEAMERICAN EQX traded down $0.41 during mid-day trading on Thursday, hitting $6.54. The company had a trading volume of 45,156,880 shares, compared to its average volume of 6,977,118. The company has a market capitalization of $2.98 billion, a PE ratio of 12.11 and a beta of 1.33. 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 Corp. has a 1-year low of $4.48 and a 1-year high of $7.45. The business's 50-day simple moving average is $6.61 and its 200 day simple moving average is $6.16.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.81% and a return on equity of 3.20%. The firm's revenue was up 75.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) earnings per share. On average, analysts predict that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

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.