Compass Rose Asset Management LP Acquires 1,500,000 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Compass Rose Asset Management LP lifted its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 1,500.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,600,000 shares of the company's stock after acquiring an additional 1,500,000 shares during the period. Equinox Gold makes up 3.3% of Compass Rose Asset Management LP's portfolio, making the stock its 10th largest holding. Compass Rose Asset Management LP owned approximately 0.35% of Equinox Gold worth $8,032,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EQX. Barclays PLC increased its stake in Equinox Gold by 5.6% in the third quarter. Barclays PLC now owns 407,582 shares of the company's stock valued at $2,482,000 after purchasing an additional 21,521 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Equinox Gold by 6.7% in the third quarter. Geode Capital Management LLC now owns 172,467 shares of the company's stock valued at $1,057,000 after acquiring an additional 10,886 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Equinox Gold in the third quarter valued at $110,000. Synovus Financial Corp bought a new stake in Equinox Gold during the third quarter worth $61,000. Finally, JPMorgan Chase & Co. bought a new stake in Equinox Gold during the third quarter worth $1,227,000. Institutional investors and hedge funds own 38.85% of the company's stock.

Analysts Set New Price Targets

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

Equinox Gold Trading Up 5.8 %

Shares of NYSEAMERICAN:EQX opened at $6.90 on Wednesday. The stock has a market cap of $3.14 billion, a PE ratio of 12.78 and a beta of 1.33. 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 12-month low of $4.48 and a 12-month high of $7.45. The business has a 50 day moving average of $6.64 and a 200-day moving average of $6.05.

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.

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