Hartree Partners LP Buys 186,248 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Hartree Partners LP grew its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 248.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,248 shares of the company's stock after acquiring an additional 186,248 shares during the quarter. Hartree Partners LP owned 0.06% of Equinox Gold worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its holdings in shares of Equinox Gold by 3.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company's stock worth $308,000 after buying an additional 1,956 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its position in Equinox Gold by 10.6% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 36,000 shares of the company's stock valued at $181,000 after buying an additional 3,450 shares during the period. Northwest & Ethical Investments L.P. grew its stake in shares of Equinox Gold by 20.4% during the third quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company's stock valued at $151,000 after buying an additional 4,198 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in Equinox Gold in the 3rd quarter worth approximately $43,000. Finally, Bard Associates Inc. grew its holdings in shares of Equinox Gold by 1.7% in the fourth quarter. Bard Associates Inc. now owns 466,975 shares of the company's stock worth $2,344,000 after purchasing an additional 7,680 shares during the last quarter. Institutional investors own 38.85% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EQX. National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st. TD Cowen initiated coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price on the stock. Finally, TD Securities raised Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th.

Equinox Gold Stock Performance

Shares of Equinox Gold stock traded up $0.09 during trading hours on Thursday, hitting $6.69. The company's stock had a trading volume of 8,279,875 shares, compared to its average volume of 8,708,434. The stock has a 50 day moving average price of $6.54. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. Equinox Gold Corp. has a 12-month low of $4.48 and a 12-month high of $7.24. The firm has a market cap of $3.05 billion, a P/E ratio of 12.39 and a beta of 1.33.

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.