Goehring & Rozencwajg Associates LLC Sells 50,795 Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX)

Goehring & Rozencwajg Associates LLC lowered its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,528,556 shares of the company's stock after selling 50,795 shares during the quarter. Equinox Gold accounts for about 1.6% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 26th biggest position. Goehring & Rozencwajg Associates LLC owned about 0.34% of Equinox Gold worth $7,872,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Hobbs Group Advisors LLC acquired a new stake in Equinox Gold in the 3rd quarter valued at about $43,000. Joel Isaacson & Co. LLC bought a new position in Equinox Gold during the 3rd quarter worth approximately $61,000. Synovus Financial Corp bought a new position in Equinox Gold during the third quarter worth about $61,000. Veracity Capital LLC bought a new stake in Equinox Gold in the 3rd quarter valued at $61,000. Finally, Choreo LLC bought a new stake in shares of Equinox Gold in the fourth quarter valued at about $63,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. TD Cowen initiated coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective on the stock. TD Securities raised Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th.

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Equinox Gold Trading Up 4.3 %

Shares of Equinox Gold stock traded up $0.29 during trading on Wednesday, reaching $7.00. The company's stock had a trading volume of 8,665,061 shares, compared to its average volume of 7,776,839. Equinox Gold Corp. has a 52 week low of $3.95 and a 52 week high of $7.03. The stock has a market cap of $3.19 billion, a PE ratio of 14.29 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.

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.