Raymond James Financial Inc. Invests $3.09 Million in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Raymond James Financial Inc. bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 614,589 shares of the company's stock, valued at approximately $3,085,000. Raymond James Financial Inc. owned 0.13% of Equinox Gold as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Equinox Gold in the 4th quarter valued at about $5,304,000. Vanguard Group Inc. increased its position in shares of Equinox Gold by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock worth $69,626,000 after purchasing an additional 236,455 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Equinox Gold by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 931,677 shares of the company's stock valued at $4,690,000 after purchasing an additional 17,886 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Equinox Gold during the third quarter valued at approximately $1,227,000. Finally, Helikon Investments Ltd purchased a new position in Equinox Gold in the 4th quarter worth approximately $8,559,000. Hedge funds and other institutional investors own 38.85% of the company's stock.

Equinox Gold Trading Down 1.3 %

Shares of Equinox Gold stock traded down $0.08 during trading on Friday, reaching $6.27. The company's stock had a trading volume of 9,854,944 shares, compared to its average volume of 5,612,057. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week high of $7.45. The firm's 50-day moving average is $6.65 and its two-hundred day moving average is $6.04. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 11.61 and a beta of 1.33.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Equinox Gold in a report on Tuesday, February 4th. They set a "hold" rating and a $35.00 price objective for the company. National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, TD Securities upgraded Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.

Equinox Gold Company Profile

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.