Van ECK Associates Corp Has $186.74 Million Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Van ECK Associates Corp lessened its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,197,205 shares of the company's stock after selling 3,923,828 shares during the period. Van ECK Associates Corp owned about 8.17% of Equinox Gold worth $186,735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Choreo LLC acquired a new position in Equinox Gold in the fourth quarter worth approximately $63,000. Helikon Investments Ltd bought a new stake in shares of Equinox Gold in the fourth quarter valued at approximately $8,559,000. Southland Equity Partners LLC bought a new stake in shares of Equinox Gold in the fourth quarter valued at approximately $245,000. JPMorgan Chase & Co. bought a new position in Equinox Gold in the third quarter worth $1,227,000. Finally, Synovus Financial Corp bought a new position in Equinox Gold in the third quarter worth $61,000. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Stock Down 3.3 %

EQX stock traded down $0.23 during midday trading on Friday, hitting $6.78. The stock had a trading volume of 6,498,458 shares, compared to its average volume of 7,634,192. The stock has a market cap of $3.09 billion, a P/E ratio of 13.84 and a beta of 1.33. Equinox Gold Corp. has a 52 week low of $3.95 and a 52 week high of $7.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on EQX. TD Securities raised Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th. TD Cowen began coverage on Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 target price 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.