Euro Pacific Asset Management LLC Has $10.98 Million Stock Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Euro Pacific Asset Management LLC decreased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,256,131 shares of the company’s stock after selling 5,564 shares during the quarter. Equinox Gold makes up about 2.3% of Euro Pacific Asset Management LLC’s holdings, making the stock its 20th biggest position. Euro Pacific Asset Management LLC owned approximately 0.71% of Equinox Gold worth $10,976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its stake in Equinox Gold by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock valued at $131,296,000 after buying an additional 1,292,168 shares during the last quarter. Vanguard Group Inc. grew its stake in Equinox Gold by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,413,329 shares of the company’s stock valued at $39,818,000 after buying an additional 86,481 shares during the last quarter. Sprott Inc. grew its stake in Equinox Gold by 3.2% in the 3rd quarter. Sprott Inc. now owns 8,405,867 shares of the company’s stock valued at $35,440,000 after buying an additional 262,591 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Equinox Gold by 24.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,005,196 shares of the company’s stock valued at $25,779,000 after buying an additional 968,298 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Equinox Gold by 3.3% in the 1st quarter. Invesco Ltd. now owns 4,626,965 shares of the company’s stock valued at $38,265,000 after buying an additional 149,383 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Price Performance

Equinox Gold stock traded up $0.04 during mid-day trading on Thursday, reaching $5.92. The company had a trading volume of 689,254 shares, compared to its average volume of 2,340,234. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. Equinox Gold Corp. has a 52 week low of $3.95 and a 52 week high of $6.50. The company has a market cap of $1.95 billion, a PE ratio of 116.60 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The firm had revenue of $297.80 million during the quarter. Analysts expect that Equinox Gold Corp. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of Equinox Gold in a research note on Monday, April 8th. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.

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.