Renaissance Technologies LLC Takes $1.79 Million Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Renaissance Technologies LLC acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 356,900 shares of the company's stock, valued at approximately $1,792,000. Renaissance Technologies LLC owned approximately 0.08% of Equinox Gold at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EQX. Pictet Asset Management Holding SA boosted its stake in Equinox Gold by 3.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company's stock valued at $308,000 after purchasing an additional 1,956 shares in the last quarter. Wells Fargo & Company MN grew its holdings 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 acquiring an additional 2,855 shares during the period. Kohmann Bosshard Financial Services LLC raised its position in Equinox Gold by 10.6% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 36,000 shares of the company's stock worth $181,000 after acquiring an additional 3,450 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in Equinox Gold by 22.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 30,224 shares of the company's stock valued at $152,000 after acquiring an additional 5,474 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Equinox Gold by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 178,818 shares of the company's stock valued at $911,000 after purchasing an additional 6,351 shares in the last quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Stock Performance

Shares of NYSEAMERICAN EQX traded down $0.13 during trading hours on Friday, reaching $6.23. The stock had a trading volume of 2,872,281 shares, compared to its average volume of 5,561,079. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 11.52 and a beta of 1.33. Equinox Gold Corp. has a twelve month low of $4.48 and a twelve month high of $7.45. The business's fifty day moving average is $6.66 and its two-hundred day moving average is $6.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st. TD Cowen began coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price for the company. Finally, TD Securities upgraded Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.

About Equinox Gold

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.