Gemsstock Ltd. increased its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,556,677 shares of the company's stock after buying an additional 57,577 shares during the quarter. Equinox Gold accounts for approximately 2.6% of Gemsstock Ltd.'s holdings, making the stock its 11th largest holding. Gemsstock Ltd. owned 0.56% of Equinox Gold worth $12,860,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQX. Donald Smith & CO. Inc. lifted its stake in Equinox Gold by 49.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock valued at $135,540,000 after buying an additional 8,949,544 shares in the last quarter. Helikon Investments Ltd acquired a new stake in shares of Equinox Gold during the fourth quarter worth $8,559,000. Norges Bank bought a new stake in Equinox Gold in the 4th quarter valued at $5,304,000. Wellington Management Group LLP bought a new stake in Equinox Gold in the 3rd quarter valued at $5,570,000. Finally, Raymond James Financial Inc. acquired a new position in Equinox Gold in the 4th quarter worth $3,085,000. 38.85% of the stock is currently owned by institutional investors.
Equinox Gold Stock Up 5.5 %
Equinox Gold stock traded up $0.36 during mid-day trading on Friday, reaching $6.85. The company's stock had a trading volume of 11,448,442 shares, compared to its average volume of 5,289,864. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.24. The business's 50 day simple moving average is $6.59 and its 200 day simple moving average is $5.95. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.66 and a beta of 1.33.
Analysts Set New Price Targets
Several research firms have issued reports on EQX. National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. TD Cowen started coverage on Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price on the stock. Finally, TD Securities raised Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th.
Get Our Latest Stock Analysis on Equinox Gold
Equinox Gold Profile
(
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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