Barclays PLC Sells 40,628 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Barclays PLC lessened its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 366,954 shares of the company's stock after selling 40,628 shares during the quarter. Barclays PLC owned approximately 0.08% of Equinox Gold worth $1,842,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EQX. Donald Smith & CO. Inc. increased its holdings in Equinox Gold by 49.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after purchasing an additional 8,949,544 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Equinox Gold by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock worth $69,626,000 after buying an additional 236,455 shares during the period. Invesco Ltd. increased its stake in shares of Equinox Gold by 41.3% in the 4th quarter. Invesco Ltd. now owns 9,029,240 shares of the company's stock valued at $45,327,000 after acquiring an additional 2,640,109 shares in the last quarter. Amundi lifted its position in shares of Equinox Gold by 19.7% during the 4th quarter. Amundi now owns 2,885,004 shares of the company's stock valued at $14,483,000 after acquiring an additional 474,361 shares during the period. Finally, Gemsstock Ltd. boosted its stake in Equinox Gold by 2.3% during the fourth quarter. Gemsstock Ltd. now owns 2,556,677 shares of the company's stock worth $12,860,000 after acquiring an additional 57,577 shares in the last quarter. Institutional investors own 38.85% of the company's stock.

Equinox Gold Price Performance

NYSEAMERICAN EQX traded up $0.38 during trading hours on Tuesday, hitting $6.90. The company had a trading volume of 16,676,727 shares, compared to its average volume of 5,694,839. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 12.78 and a beta of 1.33. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.45. The firm has a 50 day simple moving average of $6.64 and a 200 day simple moving average of $6.04.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EQX. TD Securities raised shares of Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen initiated coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective for the company. Finally, National Bank Financial raised Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st.

Equinox Gold Company 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.