Helikon Investments Ltd Makes New Investment in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Helikon Investments Ltd purchased a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,705,030 shares of the company’s stock, valued at approximately $8,559,000. Equinox Gold makes up approximately 0.9% of Helikon Investments Ltd’s investment portfolio, making the stock its 16th biggest position. Helikon Investments Ltd owned about 0.37% of Equinox Gold as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EQX. Northwest & Ethical Investments L.P. raised its stake in Equinox Gold by 20.4% during the third quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock valued at $151,000 after buying an additional 4,198 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Equinox Gold by 30.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock worth $113,000 after purchasing an additional 5,000 shares during the last quarter. Harvest Portfolios Group Inc. boosted its stake in Equinox Gold by 5.2% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 108,963 shares of the company’s stock worth $665,000 after purchasing an additional 5,418 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Equinox Gold during the 3rd quarter valued at about $43,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in Equinox Gold during the 3rd quarter valued at about $61,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX opened at $5.87 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 11.98 and a beta of 1.30. Equinox Gold Corp. has a 52-week low of $3.95 and a 52-week high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $437.84 million. Equinox Gold’s revenue for the quarter was up 50.5% compared to the same quarter last year. On average, sell-side analysts predict 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.