Herr Investment Group LLC Acquires 895,361 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Herr Investment Group LLC boosted its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 62.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,325,521 shares of the company’s stock after purchasing an additional 895,361 shares during the period. Equinox Gold accounts for approximately 0.8% of Herr Investment Group LLC’s holdings, making the stock its 8th largest holding. Herr Investment Group LLC owned approximately 0.54% of Equinox Gold worth $12,162,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EQX. SG Americas Securities LLC grew its stake in shares of Equinox Gold by 1.9% during the first 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 during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Equinox Gold by 15.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 26,460 shares of the company’s stock valued at $138,000 after buying an additional 3,528 shares during the period. Private Advisor Group LLC raised its position in shares of Equinox Gold by 2.0% during the second quarter. Private Advisor Group LLC now owns 201,057 shares of the company’s stock worth $1,052,000 after acquiring an additional 3,862 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Equinox Gold by 0.8% during the second quarter. Raymond James & Associates now owns 645,727 shares of the company’s stock valued at $3,377,000 after acquiring an additional 5,143 shares during the period. Finally, Kings Path Partners LLC bought a new position in Equinox Gold in the second quarter valued at about $27,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $6.17 on Friday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -68.55 and a beta of 1.31. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year high of $6.50. The company has a current ratio of 1.10, a quick ratio of 0.45 and a debt-to-equity ratio of 0.42.

Equinox Gold (NYSEAMERICAN:EQX) last announced its earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Equinox Gold had a net margin of 22.60% and a return on equity of 0.42%. The firm had revenue of $269.43 million for the quarter. Analysts predict that Equinox Gold Corp. will post 0.38 earnings per share for the current year.

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.