Wilmington Savings Fund Society FSB Acquires New Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Wilmington Savings Fund Society FSB acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,000 shares of the company’s stock, valued at approximately $110,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQX. Raymond James & Associates grew its stake in shares of Equinox Gold by 0.8% during the 2nd quarter. Raymond James & Associates now owns 645,727 shares of the company’s stock worth $3,377,000 after purchasing an additional 5,143 shares during the period. Bank of New York Mellon Corp grew its position in Equinox Gold by 15.4% during the second quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock worth $138,000 after buying an additional 3,528 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Equinox Gold by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,848 shares of the company’s stock valued at $396,000 after buying an additional 7,074 shares in the last quarter. Kings Path Partners LLC purchased a new position in Equinox Gold in the second quarter valued at about $27,000. Finally, Van ECK Associates Corp lifted its position in shares of Equinox Gold by 10.5% during the 2nd quarter. Van ECK Associates Corp now owns 38,166,859 shares of the company’s stock valued at $199,609,000 after acquiring an additional 3,628,998 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX opened at $5.06 on Friday. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year high of $6.50. The company has a market capitalization of $2.30 billion, a P/E ratio of 10.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The firm had revenue of $428.40 million for the quarter, compared to analysts’ expectations of $437.84 million. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. On average, equities analysts expect that Equinox Gold Corp. will post 0.38 EPS for the current 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.