Sumitomo Mitsui DS Asset Management Company Ltd Acquires Shares of 2,401,200 Equinox Gold Corp. (NYSEAMERICAN:EQX)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,401,200 shares of the company's stock, valued at approximately $11,742,000. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.76% of Equinox Gold as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EQX. Raymond James Financial Services Advisors Inc. grew its position in shares of Equinox Gold by 39.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,755 shares of the company's stock valued at $213,000 after buying an additional 7,250 shares during the last quarter. Bank of New York Mellon Corp grew its position in Equinox Gold by 52.0% in the 1st quarter. Bank of New York Mellon Corp now owns 16,657 shares of the company's stock worth $138,000 after purchasing an additional 5,701 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Equinox Gold by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,641 shares of the company's stock worth $485,000 after purchasing an additional 2,669 shares during the last quarter. HighTower Advisors LLC grew its position in Equinox Gold by 153.3% in the 1st quarter. HighTower Advisors LLC now owns 25,442 shares of the company's stock worth $210,000 after purchasing an additional 15,396 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Equinox Gold by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,595 shares of the company's stock worth $377,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 38.85% of the company's stock.

Analyst Ratings Changes

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

Equinox Gold Stock Up 2.4 %

Equinox Gold stock traded up $0.14 during trading hours on Friday, hitting $6.00. The company had a trading volume of 1,882,978 shares, compared to its average volume of 2,601,868. The firm has a market cap of $1.98 billion, a PE ratio of 66.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 1.74. Equinox Gold Corp. has a fifty-two week low of $3.95 and a fifty-two week high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter. On average, research analysts predict that Equinox Gold Corp. will post 0.12 EPS 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.