Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. grew its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 49.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,999,983 shares of the company's stock after acquiring an additional 8,949,544 shares during the period. Equinox Gold comprises 3.2% of Donald Smith & CO. Inc.'s holdings, making the stock its 10th biggest position. Donald Smith & CO. Inc. owned about 5.93% of Equinox Gold worth $135,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new stake in Equinox Gold in the third quarter valued at approximately $43,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Equinox Gold during the fourth quarter valued at $50,000. Kiker Wealth Management LLC acquired a new stake in shares of Equinox Gold in the fourth quarter valued at about $58,000. Synovus Financial Corp purchased a new stake in shares of Equinox Gold during the third quarter worth about $61,000. Finally, Choreo LLC purchased a new stake in shares of Equinox Gold during the fourth quarter worth about $63,000. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Stock Performance

NYSEAMERICAN EQX traded up $0.08 during trading hours on Tuesday, hitting $5.84. The company had a trading volume of 9,081,075 shares, compared to its average volume of 5,087,393. The firm has a 50 day moving average of $6.55. The stock has a market cap of $2.66 billion, a P/E ratio of 10.82 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 current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

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

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.