Shell Asset Management Co. Raises Stake in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Shell Asset Management Co. boosted its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,185,152 shares of the company's stock after purchasing an additional 160,107 shares during the quarter. Shell Asset Management Co. owned about 0.26% of Equinox Gold worth $5,966,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Equinox Gold by 158.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 514,980 shares of the company's stock valued at $2,588,000 after buying an additional 315,779 shares during the last quarter. Invenomic Capital Management LP lifted its position in shares of Equinox Gold by 28.4% in the fourth quarter. Invenomic Capital Management LP now owns 1,220,841 shares of the company's stock worth $6,129,000 after purchasing an additional 269,975 shares in the last quarter. Deutsche Bank AG boosted its holdings in Equinox Gold by 67.1% during the fourth quarter. Deutsche Bank AG now owns 39,222 shares of the company's stock worth $197,000 after purchasing an additional 15,749 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in shares of Equinox Gold during the 4th quarter worth about $178,000. Finally, Compass Rose Asset Management LP increased its position in shares of Equinox Gold by 1,500.0% during the 4th quarter. Compass Rose Asset Management LP now owns 1,600,000 shares of the company's stock worth $8,032,000 after purchasing an additional 1,500,000 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Stock Up 2.2%

Equinox Gold stock traded up $0.15 during mid-day trading on Wednesday, reaching $6.60. The stock had a trading volume of 8,727,526 shares, compared to its average volume of 10,374,064. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. Equinox Gold Corp. has a fifty-two week low of $4.48 and a fifty-two week high of $7.45. The stock's 50-day simple moving average is $6.59 and its 200-day simple moving average is $6.06. The firm has a market capitalization of $3.00 billion, a PE ratio of 12.21 and a beta of 1.33.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $423.72 million during the quarter, compared to the consensus estimate of $404.00 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The company's revenue for the quarter was up 75.6% on a year-over-year basis. On average, sell-side analysts forecast that Equinox Gold Corp. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.