Sprott Inc. Has $38.04 Million Stock Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Sprott Inc. reduced its position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,560,059 shares of the company's stock after selling 480,811 shares during the quarter. Equinox Gold makes up 2.3% of Sprott Inc.'s portfolio, making the stock its 11th largest holding. Sprott Inc. owned approximately 1.66% of Equinox Gold worth $38,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in Equinox Gold by 7.7% in the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company's stock worth $247,549,000 after purchasing an additional 2,954,174 shares during the period. Donald Smith & CO. Inc. lifted its position in Equinox Gold by 35.5% in the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company's stock worth $109,927,000 after purchasing an additional 4,727,570 shares during the period. Maple Rock Capital Partners Inc. lifted its position in Equinox Gold by 34.4% in the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock worth $55,842,000 after purchasing an additional 2,349,000 shares during the period. National Bank of Canada FI raised its stake in Equinox Gold by 15.3% during the third quarter. National Bank of Canada FI now owns 2,288,413 shares of the company's stock worth $13,938,000 after acquiring an additional 303,904 shares in the last quarter. Finally, Helikon Investments Ltd acquired a new position in Equinox Gold during the fourth quarter worth $8,559,000. 38.85% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have issued reports on EQX. TD Cowen began coverage on Equinox Gold in a research note on Tuesday, February 4th. They set a "hold" rating and a $35.00 price objective for the company. TD Securities upgraded Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX traded up $0.16 on Friday, hitting $6.42. 7,062,662 shares of the stock were exchanged, compared to its average volume of 7,790,609. The stock has a market capitalization of $2.93 billion, a P/E ratio of 11.89 and a beta of 1.33. Equinox Gold Corp. has a 52 week low of $4.00 and a 52 week high of $7.22. 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 Company 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.