Van ECK Associates Corp Has $247.55 Million Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Van ECK Associates Corp boosted its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,121,033 shares of the company’s stock after purchasing an additional 2,954,174 shares during the period. Van ECK Associates Corp owned 9.59% of Equinox Gold worth $247,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQX. SG Americas Securities LLC increased its holdings in Equinox Gold by 1.9% during the 1st quarter. SG Americas Securities LLC now owns 140,710 shares of the company’s stock valued at $847,000 after purchasing an additional 2,566 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Equinox Gold by 13.1% in the 1st quarter. Russell Investments Group Ltd. now owns 2,955,057 shares of the company’s stock valued at $17,841,000 after buying an additional 341,632 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Equinox Gold in the 1st quarter valued at $762,000. Vanguard Group Inc. boosted its position in Equinox Gold by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 10,519,078 shares of the company’s stock valued at $63,325,000 after buying an additional 943,855 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in Equinox Gold by 9.6% in the 1st quarter. Donald Smith & CO. Inc. now owns 10,449,810 shares of the company’s stock valued at $62,908,000 after buying an additional 919,499 shares during the last quarter. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Stock Down 1.8 %

Shares of NYSEAMERICAN:EQX traded down $0.10 during midday trading on Friday, hitting $5.44. The company had a trading volume of 3,749,526 shares, compared to its average volume of 4,577,070. Equinox Gold Corp. has a 12 month low of $3.95 and a 12 month high of $6.50. The company has a quick ratio of 0.45, a current ratio of 1.10 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.33 billion, a P/E ratio of 110.80 and a beta of 1.31.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $269.43 million for the quarter. Equinox Gold had a return on equity of 0.42% and a net margin of 22.60%. Equities research analysts expect that Equinox Gold Corp. will post 0.36 earnings per share 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.