Donald Smith & CO. Inc. Buys 3,262,602 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Donald Smith & CO. Inc. raised its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 52.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,530,311 shares of the company’s stock after acquiring an additional 3,262,602 shares during the quarter. Donald Smith & CO. Inc. owned about 3.00% of Equinox Gold worth $46,603,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EQX. Everett Harris & Co. CA acquired a new position in shares of Equinox Gold in the fourth quarter valued at about $52,000. Aigen Investment Management LP bought a new position in shares of Equinox Gold during the third quarter worth approximately $86,000. Terril Brothers Inc. raised its position in shares of Equinox Gold by 66.7% in the fourth quarter. Terril Brothers Inc. now owns 20,000 shares of the company’s stock valued at $98,000 after buying an additional 8,000 shares in the last quarter. Duality Advisers LP bought a new stake in shares of Equinox Gold in the fourth quarter valued at approximately $198,000. Finally, Stansberry Asset Management LLC grew its position in Equinox Gold by 43.7% during the third quarter. Stansberry Asset Management LLC now owns 47,749 shares of the company’s stock worth $202,000 after buying an additional 14,513 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Stock Up 2.7 %

Shares of Equinox Gold stock traded up $0.15 during trading hours on Monday, reaching $5.68. The company’s stock had a trading volume of 5,730,811 shares, compared to its average volume of 2,860,477. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 110.60 and a beta of 1.31. The company has a current ratio of 1.74, a quick ratio of 0.88 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 issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $297.80 million for the quarter. Equinox Gold had a return on equity of 0.69% and a net margin of 2.65%. On average, equities research analysts predict that Equinox Gold Corp. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EQX shares. Desjardins raised shares of Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of Equinox Gold in a report on Monday, April 8th.

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.