Bayshore Asset Management LLC Takes Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Bayshore Asset Management LLC acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $365,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Maple Rock Capital Partners Inc. bought a new stake in shares of Equinox Gold in the 1st quarter worth approximately $29,741,000. Van ECK Associates Corp lifted its position in Equinox Gold by 10.5% in the second quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company’s stock worth $199,609,000 after purchasing an additional 3,628,998 shares during the period. Mackenzie Financial Corp boosted its stake in Equinox Gold by 54.6% during the second quarter. Mackenzie Financial Corp now owns 8,953,104 shares of the company’s stock worth $46,732,000 after buying an additional 3,162,992 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in Equinox Gold by 27.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 13,322,869 shares of the company’s stock valued at $69,679,000 after buying an additional 2,873,059 shares during the period. Finally, Gemsstock Ltd. acquired a new position in shares of Equinox Gold in the 2nd quarter valued at $13,045,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $5.75 on Tuesday. The stock has a market cap of $2.46 billion, a PE ratio of 11.50 and a beta of 1.31. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50. The company has a current ratio of 1.10, a quick ratio of 0.45 and a debt-to-equity ratio of 0.42.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. The company had revenue of $269.43 million for the quarter. On average, equities analysts forecast that Equinox Gold Corp. will post 0.41 earnings per share for the current fiscal year.

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.