Duality Advisers LP Invests $198,000 in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Duality Advisers LP bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the fourth quarter, Holdings Channel.com reports. The firm bought 40,574 shares of the company’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in shares of Equinox Gold by 1,619.0% in the 3rd quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company’s stock worth $11,679,000 after purchasing an additional 2,613,815 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Equinox Gold during the 4th quarter valued at $11,742,000. American Century Companies Inc. raised its holdings in Equinox Gold by 3,396.3% during the 3rd quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock valued at $5,904,000 after acquiring an additional 1,357,849 shares during the period. Van ECK Associates Corp raised its holdings in Equinox Gold by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock valued at $131,296,000 after acquiring an additional 1,292,168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Equinox Gold by 328.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 999,780 shares of the company’s stock valued at $4,888,000 after acquiring an additional 766,250 shares during the period. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

EQX has been the topic of a number of analyst reports. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of Equinox Gold in a report on Monday, April 8th.

Equinox Gold Stock Performance

EQX opened at $5.52 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of 61.33 and a beta of 1.32. The company has a quick ratio of 0.88, a current ratio of 1.74 and a debt-to-equity ratio of 0.32. Equinox Gold Corp. has a one year low of $3.95 and a one year high of $6.50.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Equinox Gold had a net margin of 2.65% and a return on equity of 0.69%. The firm had revenue of $297.80 million during the quarter. On average, equities research analysts anticipate that Equinox Gold Corp. will post 0.12 EPS 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.