Dynamic Technology Lab Private Ltd Invests $422,000 in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Dynamic Technology Lab Private Ltd acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 84,032 shares of the company's stock, valued at approximately $422,000.

A number of other institutional investors have also recently made changes to their positions in EQX. Donald Smith & CO. Inc. boosted its holdings in Equinox Gold by 49.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after buying an additional 8,949,544 shares in the last quarter. Helikon Investments Ltd purchased a new position in Equinox Gold in the 4th quarter valued at $8,559,000. Norges Bank acquired a new position in Equinox Gold during the fourth quarter worth about $5,304,000. Wellington Management Group LLP purchased a new stake in shares of Equinox Gold in the third quarter valued at approximately $5,570,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Equinox Gold in the 4th quarter worth $3,085,000. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Stock Performance

NYSEAMERICAN EQX traded up $0.23 during trading hours on Monday, hitting $7.05. The company had a trading volume of 3,106,468 shares, compared to its average volume of 5,320,931. The business has a 50 day moving average of $6.61 and a 200-day moving average of $5.95. The company has a market cap of $3.21 billion, a PE ratio of 13.06 and a beta of 1.33. Equinox Gold Corp. has a 1-year low of $4.48 and a 1-year high of $7.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. TD Cowen assumed coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They set a "hold" rating and a $35.00 target price on the stock. Finally, TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th.

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.