Bank of New York Mellon Corp Raises Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Bank of New York Mellon Corp lifted its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 719.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,650 shares of the company's stock after purchasing an additional 135,776 shares during the period. Bank of New York Mellon Corp's holdings in Equinox Gold were worth $776,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new position in shares of Equinox Gold in the third quarter valued at $43,000. Synovus Financial Corp purchased a new stake in shares of Equinox Gold in the third quarter valued at about $61,000. Choreo LLC purchased a new stake in shares of Equinox Gold in the fourth quarter valued at about $63,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Equinox Gold in the third quarter valued at approximately $110,000. Finally, Northwest & Ethical Investments L.P. raised its position in shares of Equinox Gold by 20.4% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company's stock worth $151,000 after purchasing an additional 4,198 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company's stock.

Equinox Gold Trading Down 3.2 %

Shares of Equinox Gold stock traded down $0.23 during trading hours on Friday, reaching $6.87. 12,675,663 shares of the company's stock were exchanged, compared to its average volume of 4,770,235. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week high of $7.24. The company's fifty day moving average is $6.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 12.72 and a beta of 1.33.

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Wall Street Analysts Forecast Growth

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

Equinox Gold 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.