American Century Companies Inc. increased its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,943,677 shares of the company's stock after acquiring an additional 374,579 shares during the period. American Century Companies Inc. owned about 0.43% of Equinox Gold worth $9,790,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of EQX. Hobbs Group Advisors LLC bought a new stake in Equinox Gold in the third quarter worth about $43,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Equinox Gold in the 4th quarter worth approximately $50,000. Kiker Wealth Management LLC purchased a new position in Equinox Gold in the fourth quarter valued at approximately $58,000. Synovus Financial Corp bought a new position in Equinox Gold during the third quarter valued at $61,000. Finally, Choreo LLC purchased a new stake in Equinox Gold in the fourth quarter worth $63,000. 38.85% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. TD Securities raised shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. TD Cowen began coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price target for the company. Finally, National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.
Read Our Latest Research Report on Equinox Gold
Equinox Gold Stock Performance
Equinox Gold stock traded down $0.25 during midday trading on Monday, reaching $5.76. 29,388,925 shares of the stock were exchanged, compared to its average volume of 5,056,453. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.24. 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 stock has a market cap of $2.62 billion, a price-to-earnings ratio of 10.67 and a beta of 1.33. The firm has a fifty day simple moving average of $6.55.
About Equinox Gold
(
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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