Shell Asset Management Co. Acquires 160,107 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Shell Asset Management Co. lifted its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,185,152 shares of the company's stock after buying an additional 160,107 shares during the period. Shell Asset Management Co. owned approximately 0.26% of Equinox Gold worth $5,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in Equinox Gold during the fourth quarter valued at approximately $38,000. BNP Paribas Financial Markets acquired a new position in Equinox Gold during the fourth quarter valued at approximately $47,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Equinox Gold during the fourth quarter valued at approximately $50,000. Gamco Investors INC. ET AL acquired a new position in Equinox Gold during the fourth quarter valued at approximately $56,000. Finally, Kiker Wealth Management LLC acquired a new position in Equinox Gold during the fourth quarter valued at approximately $58,000. 38.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EQX has been the topic of several analyst reports. TD Cowen initiated coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective on the stock. TD Securities raised shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th. Finally, National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.

Equinox Gold Stock Up 3.5%

Shares of EQX traded up $0.21 on Monday, reaching $6.18. The company's stock had a trading volume of 5,101,393 shares, compared to its average volume of 6,058,842. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. Equinox Gold Corp. has a twelve month low of $4.48 and a twelve month high of $7.45. The stock has a market capitalization of $2.82 billion, a PE ratio of 11.44 and a beta of 1.33. The firm has a fifty day moving average of $6.60 and a 200-day moving average of $6.06.

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