Invesco Ltd. raised its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,029,240 shares of the company's stock after acquiring an additional 2,640,109 shares during the quarter. Invesco Ltd. owned 1.98% of Equinox Gold worth $45,327,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Donald Smith & CO. Inc. raised its position in shares of 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 during the last quarter. Helikon Investments Ltd purchased a new position in shares of Equinox Gold during the 4th quarter worth $8,559,000. Norges Bank acquired a new stake in shares of Equinox Gold during the fourth quarter worth $5,304,000. Wellington Management Group LLP acquired a new position in Equinox Gold in the third quarter valued at $5,570,000. Finally, Raymond James Financial Inc. purchased a new position in Equinox Gold during the fourth quarter worth about $3,085,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.
Equinox Gold Price Performance
Shares of NYSEAMERICAN EQX traded up $0.16 during mid-day trading on Monday, reaching $7.17. The company had a trading volume of 2,428,472 shares, compared to its average volume of 5,495,533. Equinox Gold Corp. has a 1-year low of $4.48 and a 1-year high of $7.45. The stock has a market cap of $3.26 billion, a PE ratio of 13.27 and a beta of 1.33. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $6.68 and a two-hundred day moving average price of $5.99.
Wall Street Analysts Forecast Growth
Several research analysts have recently 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 Cowen initiated coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price for the company. Finally, TD Securities raised shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th.
Check Out Our Latest Stock Analysis on EQX
Equinox Gold Company 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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