Equinox Gold Corp. (NYSEAMERICAN:EQX) Stake Lessened by National Bank of Canada FI

National Bank of Canada FI trimmed its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 32.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,555,536 shares of the company's stock after selling 732,877 shares during the period. National Bank of Canada FI owned about 0.34% of Equinox Gold worth $7,824,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EQX. Quadrature Capital Ltd acquired a new stake in shares of Equinox Gold during the third quarter valued at about $1,343,000. Stifel Financial Corp bought a new position in shares of Equinox Gold during the third quarter valued at approximately $1,388,000. Wellington Management Group LLP acquired a new position in Equinox Gold during the 3rd quarter valued at approximately $5,570,000. XTX Topco Ltd acquired a new position in Equinox Gold during the 3rd quarter valued at approximately $231,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Equinox Gold during the 3rd quarter worth $243,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Remove Ads

Equinox Gold Trading Up 4.9 %

Shares of Equinox Gold stock traded up $0.31 on Thursday, reaching $6.56. 7,226,250 shares of the company were exchanged, compared to its average volume of 5,198,339. 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 fifty-two week low of $4.48 and a fifty-two week high of $7.24. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 12.19 and a beta of 1.33. The stock has a fifty day moving average price of $6.57 and a 200-day moving average price of $5.94.

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.