Hollencrest Capital Management Lowers Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Hollencrest Capital Management trimmed its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 66.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,998 shares of the company's stock after selling 93,400 shares during the period. Hollencrest Capital Management's holdings in Equinox Gold were worth $236,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Ruffer LLP lifted its stake in Equinox Gold by 302.2% during the fourth quarter. Ruffer LLP now owns 603,270 shares of the company's stock worth $3,038,000 after purchasing an additional 453,270 shares in the last quarter. Amundi lifted its stake in Equinox Gold by 19.7% during the fourth quarter. Amundi now owns 2,885,004 shares of the company's stock worth $14,483,000 after purchasing an additional 474,361 shares in the last quarter. PCJ Investment Counsel Ltd. acquired a new position in Equinox Gold during the fourth quarter worth $2,110,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Equinox Gold in the fourth quarter valued at $50,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Equinox Gold in the fourth quarter valued at $3,085,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Trading Up 0.8 %

Shares of NYSEAMERICAN EQX opened at $6.62 on Thursday. Equinox Gold Corp. has a 12-month low of $4.48 and a 12-month high of $7.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The firm has a market capitalization of $3.02 billion, a PE ratio of 12.26 and a beta of 1.33. The company has a fifty day moving average of $6.08.

Analyst Ratings Changes

Several analysts have recently issued reports on EQX shares. TD Cowen started coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective on the stock. TD Securities upgraded Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th.

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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.

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