Public Employees Retirement System of Ohio Invests $815,000 in Equinox Gold Corp.

The Public Employees Retirement System of Ohio has made a new investment in Equinox Gold Corp. (NYSEAMERICAN:EQX), acquiring 133,442 shares of the company during the third quarter. This investment is valued at approximately $815,000, marking a significant move for the retirement system.

Several other investment firms have also increased or modified their stakes in Equinox Gold. For instance, Donald Smith & CO. Inc. boosted its holdings by 35.5%, now owning 18,050,439 shares worth around $109.9 million after acquiring an additional 4,727,570 shares in the last quarter. Van ECK Associates Corp. raised its stake by 10.5% in the second quarter, now holding 38,166,859 shares valued at approximately $199.6 million after adding 3,628,998 shares. Similarly, Mackenzie Financial Corp. increased its position by 54.6%, now possessing 8,953,104 shares worth about $46.7 million after purchasing another 3,162,992 shares. Gemsstock Ltd. also took a new position worth $13 million in the second quarter, while Maple Rock Capital Partners Inc. raised its position by 34.4% in the third quarter, acquiring an additional 2,349,000 shares to total 9,169,400 shares valued at $55.8 million. Currently, institutional investors and hedge funds hold approximately 38.85% of Equinox Gold's stock.

Equinox Gold Stock Overview

As of the most recent trading day, Equinox Gold shares opened at $5.06. The company has a quick ratio of 0.33, a current ratio of 0.85, and a debt-to-equity ratio of 0.37. Over the past year, Equinox Gold's stock reached a low of $3.95 and a high of $6.50. With a market capitalization of $2.3 billion, the stock carries a P/E ratio of 10.33 and has a beta of 1.31, indicating some volatility in its trading.

In its latest financial results released on November 6, Equinox Gold reported earnings of $0.09 per share, falling short of analysts' expectations of $0.10. The company generated revenue of $428.4 million for the quarter, compared to the anticipated $437.84 million. Despite these shortfalls, Equinox Gold experienced a year-over-year revenue increase of 50.5%. Analysts project that the company will achieve earnings of $0.38 per share for the ongoing fiscal year.

About Equinox Gold

Equinox Gold Corp. is engaged in the exploration, acquisition, development, and operation of mineral properties primarily in the Americas. The company focuses on gold and silver deposits and maintains interests in properties across several locations, including California in the United States, Guerrero State in Mexico, and several states in Brazil, as well as Ontario in Canada.

investment, Ohio, Equinox