Vanguard Group Inc. Purchases 86,481 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Vanguard Group Inc. grew its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,413,329 shares of the company’s stock after acquiring an additional 86,481 shares during the quarter. Vanguard Group Inc. owned 3.01% of Equinox Gold worth $39,818,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Equinox Gold by 4.3% during the third quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock worth $131,296,000 after purchasing an additional 1,292,168 shares in the last quarter. Sprott Inc. boosted its position in shares of Equinox Gold by 3.2% during the third quarter. Sprott Inc. now owns 8,405,867 shares of the company’s stock worth $35,440,000 after purchasing an additional 262,591 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Equinox Gold by 24.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,005,196 shares of the company’s stock worth $25,779,000 after purchasing an additional 968,298 shares in the last quarter. Invesco Ltd. boosted its position in shares of Equinox Gold by 3.3% during the first quarter. Invesco Ltd. now owns 4,626,965 shares of the company’s stock worth $38,265,000 after purchasing an additional 149,383 shares in the last quarter. Finally, Amundi lifted its position in Equinox Gold by 19.2% in the 4th quarter. Amundi now owns 3,032,801 shares of the company’s stock valued at $12,374,000 after acquiring an additional 487,510 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on EQX shares. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of Equinox Gold in a research report on Wednesday, January 3rd. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Equinox Gold Stock Performance

Equinox Gold stock opened at $5.91 on Thursday. The stock has a market cap of $1.95 billion, a PE ratio of 65.61 and a beta of 1.32. Equinox Gold Corp. has a fifty-two week low of $3.95 and a fifty-two week high of $6.50. The company has a current ratio of 1.74, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $297.80 million for the quarter. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. As a group, research analysts predict that Equinox Gold Corp. will post 0.12 EPS for the current fiscal year.

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.