186,887 Shares in Equinox Gold Corp. (NYSEAMERICAN:EQX) Acquired by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co purchased a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 186,887 shares of the company's stock, valued at approximately $942,000.

Several other hedge funds have also recently modified their holdings of the stock. Donald Smith & CO. Inc. raised its position in shares of 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 last quarter. Vanguard Group Inc. raised its position 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 position in shares of Equinox Gold by 8.9% during the 4th 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 during the last quarter. Invesco Ltd. grew 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 valued at $45,327,000 after acquiring an additional 2,640,109 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Equinox Gold by 42.6% during the 4th quarter. Mackenzie Financial Corp now owns 7,008,149 shares of the company's stock valued at $35,260,000 after acquiring an additional 2,093,437 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Price Performance

NYSEAMERICAN EQX traded up $0.25 during trading hours on Monday, hitting $6.88. 18,228,111 shares of the company's stock traded hands, compared to its average volume of 6,364,603. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week high of $7.45. The company has a market capitalization of $3.13 billion, a PE ratio of 12.74 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. The firm's 50-day moving average is $6.54 and its 200-day moving average is $6.11.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on EQX. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities raised shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th. Finally, TD Cowen began coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They set 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.