2,499,100 Shares in Equinox Gold Corp. (NYSEAMERICAN:EQX) Bought by Gemsstock Ltd.

Gemsstock Ltd. bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,499,100 shares of the company’s stock, valued at approximately $13,045,000. Equinox Gold accounts for about 4.2% of Gemsstock Ltd.’s investment portfolio, making the stock its 9th biggest holding. Gemsstock Ltd. owned approximately 0.58% of Equinox Gold at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EQX. Maple Rock Capital Partners Inc. bought a new stake in Equinox Gold during the first quarter valued at about $29,741,000. Van ECK Associates Corp raised its holdings in Equinox Gold by 10.5% during the second quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company’s stock valued at $199,609,000 after acquiring an additional 3,628,998 shares during the period. Norges Bank bought a new stake in Equinox Gold during the fourth quarter valued at about $9,111,000. Vanguard Group Inc. raised its holdings in Equinox Gold by 9.9% during the first quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock valued at $63,325,000 after acquiring an additional 943,855 shares during the period. Finally, Donald Smith & CO. Inc. raised its holdings in Equinox Gold by 9.6% during the first quarter. Donald Smith & CO. Inc. now owns 10,449,810 shares of the company’s stock valued at $62,908,000 after acquiring an additional 919,499 shares during the period. 38.85% of the stock is owned by institutional investors.

Equinox Gold Price Performance

NYSEAMERICAN:EQX traded down $0.26 on Friday, reaching $5.21. 3,156,075 shares of the company’s stock traded hands, compared to its average volume of 2,841,905. The stock has a market cap of $2.23 billion, a PE ratio of -57.88 and a beta of 1.31. Equinox Gold Corp. has a 12 month low of $3.95 and a 12 month high of $6.50. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $269.43 million during the quarter. Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. As a group, analysts forecast that Equinox Gold Corp. will post 0.38 EPS for the current fiscal year.

Equinox Gold 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.