Fourth Sail Capital LP bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 144,705 shares of the company's stock, valued at approximately $726,000. Equinox Gold makes up approximately 0.2% of Fourth Sail Capital LP's investment portfolio, making the stock its 20th largest position.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hobbs Group Advisors LLC bought a new stake in shares of Equinox Gold during the third quarter valued at about $43,000. Synovus Financial Corp bought a new stake in Equinox Gold during the 3rd quarter worth approximately $61,000. Choreo LLC bought a new stake in Equinox Gold during the 4th quarter worth approximately $63,000. Wilmington Savings Fund Society FSB purchased a new stake in Equinox Gold in the 3rd quarter worth approximately $110,000. Finally, Northwest & Ethical Investments L.P. boosted its holdings in Equinox Gold by 20.4% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company's stock valued at $151,000 after purchasing an additional 4,198 shares during the period. Institutional investors own 38.85% of the company's stock.
Equinox Gold Stock Down 2.4 %
Shares of EQX traded down $0.16 during trading hours on Thursday, hitting $6.50. The company had a trading volume of 8,605,586 shares, compared to its average volume of 4,274,436. 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 52-week low of $4.43 and a 52-week high of $7.22. The company's 50 day moving average is $6.01. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 12.04 and a beta of 1.33.
Wall Street Analyst Weigh In
Several research firms recently issued reports on EQX. TD Cowen assumed 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 raised Equinox Gold to a "hold" rating in a report on Tuesday, February 4th.
Get Our Latest Analysis on EQX
About Equinox Gold
(
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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