Helikon Investments Ltd Acquires Shares of 1,705,030 Equinox Gold Corp. (NYSEAMERICAN:EQX)

Helikon Investments Ltd bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, Holdings Channel reports. The fund bought 1,705,030 shares of the company’s stock, valued at approximately $8,559,000. Equinox Gold accounts for about 0.9% of Helikon Investments Ltd’s portfolio, making the stock its 16th biggest holding.

A number of other hedge funds also recently made changes to their positions in EQX. Hobbs Group Advisors LLC purchased a new position in shares of Equinox Gold in the 3rd quarter worth $43,000. Joel Isaacson & Co. LLC purchased a new position in Equinox Gold in the third quarter worth about $61,000. Veracity Capital LLC bought a new stake in Equinox Gold during the third quarter worth approximately $61,000. Synovus Financial Corp purchased a new stake in Equinox Gold during the third quarter valued at approximately $61,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Equinox Gold in the 3rd quarter valued at approximately $110,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Trading Up 3.5 %

Shares of Equinox Gold stock opened at $5.87 on Monday. Equinox Gold Corp. has a one year low of $3.95 and a one year high of $6.50. The company has a market capitalization of $2.67 billion, a PE ratio of 11.98 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $428.40 million for the quarter, compared to the consensus estimate of $437.84 million. Equinox Gold had a net margin of 19.83% and a return on equity of 0.69%. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. Sell-side analysts expect that Equinox Gold Corp. will post 0.36 earnings per share 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.