Southland Equity Partners LLC Invests $245,000 in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Southland Equity Partners LLC bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 48,706 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Equinox Gold by 15.4% during the second 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 last quarter. Northwest & Ethical Investments L.P. lifted its position in Equinox Gold by 20.4% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock worth $151,000 after acquiring an additional 4,198 shares during the period. Evergreen Capital Management LLC grew its stake in Equinox Gold by 30.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 21,559 shares of the company’s stock valued at $113,000 after purchasing an additional 5,000 shares during the last quarter. Harvest Portfolios Group Inc. increased its holdings in shares of Equinox Gold by 5.2% in the third quarter. Harvest Portfolios Group Inc. now owns 108,963 shares of the company’s stock valued at $665,000 after purchasing an additional 5,418 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Equinox Gold in the third quarter worth about $43,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Equinox Gold Trading Up 3.5 %

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

Equinox Gold (NYSEAMERICAN:EQX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $428.40 million for the quarter, compared to analyst estimates of $437.84 million. Equinox Gold had a return on equity of 0.69% and a net margin of 19.83%. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. On average, research analysts anticipate that Equinox Gold Corp. will post 0.36 earnings per share for the current 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.