Mirae Asset Global Investments Co. Ltd. Acquires 766,250 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 328.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 999,780 shares of the company's stock after acquiring an additional 766,250 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.31% of Equinox Gold worth $4,888,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Quantbot Technologies LP grew its position in Equinox Gold by 20,288.1% in the first quarter. Quantbot Technologies LP now owns 8,563 shares of the company's stock valued at $70,000 after purchasing an additional 8,521 shares in the last quarter. Everett Harris & Co. CA bought a new position in Equinox Gold in the fourth quarter valued at $52,000. First Trust Advisors LP bought a new position in Equinox Gold in the first quarter valued at $97,000. Deutsche Bank AG bought a new position in Equinox Gold in the fourth quarter valued at $41,000. Finally, Peapack Gladstone Financial Corp grew its position in Equinox Gold by 27.5% in the first quarter. Peapack Gladstone Financial Corp now owns 13,901 shares of the company's stock valued at $72,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 38.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Desjardins upgraded shares of Equinox Gold from a "hold" rating to a "buy" rating in a research note on Tuesday, January 30th. National Bank Financial reiterated a "sector perform spec overwgt" rating on shares of Equinox Gold in a research note on Monday, April 8th.

Equinox Gold Price Performance

Equinox Gold stock remained flat at $5.84 during midday trading on Tuesday. 2,127,243 shares of the company's stock traded hands, compared to its average volume of 2,369,135. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.92 billion, a PE ratio of 64.83 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The firm had revenue of $297.80 million for the quarter. On average, sell-side analysts anticipate that Equinox Gold Corp. will post 0.12 earnings per share for the current fiscal year.

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.