Toronto Dominion Bank Purchases 155,815 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Toronto Dominion Bank raised its position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 118.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,816 shares of the company's stock after purchasing an additional 155,815 shares during the period. Toronto Dominion Bank owned 0.06% of Equinox Gold worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EQX. Donald Smith & CO. Inc. raised its position in Equinox Gold by 49.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock valued at $135,540,000 after purchasing an additional 8,949,544 shares during the last quarter. Invesco Ltd. increased its position in Equinox Gold by 41.3% in 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 during the period. Phoenix Financial Ltd. acquired a new stake in Equinox Gold during the 4th quarter worth approximately $11,044,000. Helikon Investments Ltd purchased a new position in shares of Equinox Gold in the 4th quarter valued at approximately $8,559,000. Finally, Compass Rose Asset Management LP increased its holdings in shares of Equinox Gold by 1,500.0% in the fourth quarter. Compass Rose Asset Management LP now owns 1,600,000 shares of the company's stock valued at $8,032,000 after purchasing an additional 1,500,000 shares during the period. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Trading Down 1.0%

Shares of Equinox Gold stock traded down $0.07 during trading on Tuesday, hitting $6.65. The stock had a trading volume of 10,008,243 shares, compared to its average volume of 6,222,687. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.03 billion, a PE ratio of 12.31 and a beta of 1.33. Equinox Gold Corp. has a 1 year low of $4.48 and a 1 year 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.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.19). Equinox Gold had a return on equity of 3.20% and a net margin of 17.81%. The company 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) earnings per share. Equinox Gold's revenue for the quarter was up 75.6% compared to the same quarter last year. On average, research analysts expect that Equinox Gold Corp. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EQX. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st. TD Cowen initiated coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price on the stock. Finally, TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th.

Equinox Gold Company 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.