Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. boosted its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 27.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,322,869 shares of the company’s stock after purchasing an additional 2,873,059 shares during the period. Equinox Gold makes up about 1.8% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 23rd biggest holding. Donald Smith & CO. Inc. owned approximately 3.11% of Equinox Gold worth $69,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Equinox Gold in the 4th quarter valued at $9,111,000. Russell Investments Group Ltd. grew its stake in shares of Equinox Gold by 13.1% during the first quarter. Russell Investments Group Ltd. now owns 2,955,057 shares of the company’s stock valued at $17,841,000 after acquiring an additional 341,632 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Equinox Gold by 152.1% during the second quarter. SG Americas Securities LLC now owns 354,702 shares of the company’s stock valued at $1,855,000 after acquiring an additional 213,992 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Equinox Gold by 2.4% during the fourth quarter. CIBC Asset Management Inc now owns 340,707 shares of the company’s stock valued at $1,661,000 after acquiring an additional 7,914 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Equinox Gold during the first quarter valued at about $222,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $6.31 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.10 and a quick ratio of 0.45. The stock has a market cap of $2.70 billion, a PE ratio of -70.10 and a beta of 1.31. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last announced its 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 company had revenue of $269.43 million during the quarter. Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. As a group, analysts predict 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.