Maple Rock Capital Partners Inc. Sells 416,000 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Maple Rock Capital Partners Inc. lessened its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,753,400 shares of the company's stock after selling 416,000 shares during the quarter. Equinox Gold makes up approximately 1.3% of Maple Rock Capital Partners Inc.'s portfolio, making the stock its 12th biggest holding. Maple Rock Capital Partners Inc. owned 1.92% of Equinox Gold worth $43,942,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC bought a new stake in shares of Equinox Gold in the fourth quarter valued at approximately $38,000. The Manufacturers Life Insurance Company raised its position in shares of Equinox Gold by 3.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 965,092 shares of the company's stock worth $4,853,000 after buying an additional 33,042 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Equinox Gold during the fourth quarter valued at $482,000. Dimensional Fund Advisors LP raised its holdings in shares of Equinox Gold by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock valued at $45,985,000 after acquiring an additional 750,300 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Equinox Gold by 77.7% in the fourth quarter. Marshall Wace LLP now owns 29,740 shares of the company's stock worth $149,000 after purchasing an additional 13,004 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company's stock.

Equinox Gold Price Performance

EQX traded down $0.01 during trading hours on Wednesday, hitting $6.90. The company's stock had a trading volume of 5,143,545 shares, compared to its average volume of 5,706,504. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 12.75 and a beta of 1.33. The business's 50-day moving average price is $6.64 and its 200-day moving average price is $6.05. The company has a current ratio of 0.85, a quick ratio of 0.33 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.

Wall Street Analyst Weigh In

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

About Equinox Gold

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.