Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.80, but opened at $6.42. Equinox Gold shares last traded at $6.94, with a volume of 1,486,559 shares trading hands.
Analyst Ratings Changes
EQX has been the topic of several analyst reports. TD Securities upgraded Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. TD Cowen started coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They set a "hold" rating and a $35.00 target price for the company.
View Our Latest Stock Analysis on EQX
Equinox Gold Stock Down 0.3 %
The firm has a market capitalization of $3.10 billion, a P/E ratio of 12.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in EQX. Van ECK Associates Corp increased its stake in shares of Equinox Gold by 7.7% during the third quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company's stock valued at $247,549,000 after buying an additional 2,954,174 shares during the period. Donald Smith & CO. Inc. raised its holdings in Equinox Gold by 49.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company's stock worth $135,540,000 after purchasing an additional 8,949,544 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Equinox Gold by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company's stock valued at $69,626,000 after purchasing an additional 236,455 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in shares of Equinox Gold by 34.4% during the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock valued at $55,842,000 after buying an additional 2,349,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Equinox Gold by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,160,605 shares of the company's stock worth $45,985,000 after buying an additional 750,300 shares during the period. 38.85% of the stock is owned by hedge funds and other institutional investors.
About Equinox Gold
(
Get Free Report)
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.
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