Invenomic Capital Management LP Has $8.35 Million Stock Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Invenomic Capital Management LP increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 25.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,706,659 shares of the company’s stock after purchasing an additional 342,695 shares during the period. Invenomic Capital Management LP’s holdings in Equinox Gold were worth $8,346,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EQX. Van ECK Associates Corp increased its stake in Equinox Gold by 2.9% during the fourth quarter. Van ECK Associates Corp now owns 31,940,259 shares of the company’s stock valued at $156,182,000 after acquiring an additional 900,084 shares during the period. Donald Smith & CO. Inc. grew its stake in shares of Equinox Gold by 52.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 9,530,311 shares of the company’s stock valued at $46,603,000 after purchasing an additional 3,262,602 shares during the period. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 86,481 shares during the period. Sprott Inc. grew its stake in shares of 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 purchasing an additional 262,591 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Equinox Gold by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,840,693 shares of the company’s stock valued at $33,452,000 after purchasing an additional 412,402 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Up 2.3 %

NYSEAMERICAN:EQX traded up $0.12 during trading hours on Monday, hitting $5.24. 1,689,822 shares of the stock were exchanged, compared to its average volume of 2,913,115. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.17. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -57.88 and a beta of 1.32.

Equinox Gold (NYSEAMERICAN:EQX) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. Equinox Gold had a positive return on equity of 0.43% and a negative net margin of 2.85%. The firm had revenue of $241.32 million for the quarter. On average, analysts anticipate that Equinox Gold Corp. will post 0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded Equinox Gold from a “sector perform spec overwgt” rating to an “outperform overweight” rating in a research note on Friday, April 26th.

Equinox Gold 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.