CenterBook Partners LP boosted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,249,654 shares of the company's stock after acquiring an additional 256,630 shares during the quarter. Equinox Gold makes up approximately 1.4% of CenterBook Partners LP's holdings, making the stock its 9th biggest holding. CenterBook Partners LP owned about 0.71% of Equinox Gold worth $22,358,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Veracity Capital LLC raised its holdings in shares of Equinox Gold by 14.2% in the first quarter. Veracity Capital LLC now owns 12,589 shares of the company's stock valued at $87,000 after purchasing an additional 1,564 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Equinox Gold by 3.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company's stock worth $308,000 after purchasing an additional 1,956 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Equinox Gold by 2.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,161 shares of the company's stock worth $592,000 after purchasing an additional 1,990 shares during the period. Continuum Advisory LLC boosted its position in Equinox Gold by 53.3% during the first quarter. Continuum Advisory LLC now owns 7,540 shares of the company's stock worth $52,000 after purchasing an additional 2,620 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Equinox Gold by 16.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,358 shares of the company's stock worth $102,000 after purchasing an additional 2,855 shares during the period. Institutional investors own 38.85% of the company's stock.
Equinox Gold Stock Up 2.3%
Shares of EQX stock traded up $0.15 during mid-day trading on Monday, hitting $6.59. The stock had a trading volume of 7,260,927 shares, compared to its average volume of 11,966,519. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.50. The firm has a market capitalization of $5.00 billion, a P/E ratio of 13.17 and a beta of 1.10. Equinox Gold Corp. has a 12-month low of $4.95 and a 12-month high of $7.45. The firm's 50-day moving average is $6.30 and its two-hundred day moving average is $6.36.
Analyst Ratings Changes
Several research firms have recently issued reports on EQX. CIBC reaffirmed a "neutral" rating on shares of Equinox Gold in a research note on Tuesday, July 15th. TD Securities raised Equinox Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, July 16th. BMO Capital Markets initiated coverage on Equinox Gold in a research note on Wednesday, June 18th. They issued an "outperform" rating for the company. Finally, National Bankshares restated an "outperform" rating on shares of Equinox Gold in a research report on Friday, June 13th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Equinox Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.
View Our Latest Stock Analysis on EQX
About Equinox Gold
(
Free Report)
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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