Donald Smith & CO. Inc. cut its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,863,759 shares of the company's stock after selling 3,136,224 shares during the period. Equinox Gold makes up approximately 4.0% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 6th largest holding. Donald Smith & CO. Inc. owned 5.24% of Equinox Gold worth $164,183,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its position in shares of Equinox Gold by 0.7% in the first quarter. Invesco Ltd. now owns 9,093,341 shares of the company's stock valued at $62,562,000 after purchasing an additional 64,101 shares during the last quarter. Helikon Investments Ltd lifted its stake in shares of Equinox Gold by 229.3% in the 1st quarter. Helikon Investments Ltd now owns 5,614,735 shares of the company's stock valued at $38,629,000 after acquiring an additional 3,909,705 shares during the last quarter. PCJ Investment Counsel Ltd. raised its position in Equinox Gold by 2.8% during the 1st quarter. PCJ Investment Counsel Ltd. now owns 431,330 shares of the company's stock worth $2,965,000 after purchasing an additional 11,810 shares during the last quarter. Swiss National Bank raised its position in Equinox Gold by 3.8% during the 1st quarter. Swiss National Bank now owns 754,690 shares of the company's stock worth $5,190,000 after purchasing an additional 27,600 shares during the last quarter. Finally, CenterBook Partners LP raised its position in shares of Equinox Gold by 8.6% in the 1st quarter. CenterBook Partners LP now owns 3,249,654 shares of the company's stock worth $22,358,000 after acquiring an additional 256,630 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on EQX shares. CIBC restated a "neutral" rating on shares of Equinox Gold in a research note on Tuesday, July 15th. TD Securities upgraded Equinox Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, July 16th. National Bankshares reissued an "outperform" rating on shares of Equinox Gold in a research note on Friday, June 13th. Finally, BMO Capital Markets started coverage on Equinox Gold in a research note on Wednesday, June 18th. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Equinox Gold currently has a consensus rating of "Moderate Buy" and an average price target of $35.00.
View Our Latest Stock Report on EQX
Equinox Gold Price Performance
Shares of NYSEAMERICAN:EQX traded up $0.06 during trading on Wednesday, reaching $6.87. 2,589,280 shares of the company's stock traded hands, compared to its average volume of 11,948,782. Equinox Gold Corp. has a fifty-two week low of $4.95 and a fifty-two week high of $7.45. The company has a quick ratio of 0.50, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.22 billion, a PE ratio of 13.71 and a beta of 1.10. The company has a 50-day simple moving average of $6.29 and a 200-day simple moving average of $6.38.
Equinox Gold Profile
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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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