Norges Bank acquired a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,055,756 shares of the company's stock, valued at approximately $5,304,000. Norges Bank owned about 0.23% of Equinox Gold as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in EQX. Hobbs Group Advisors LLC bought a new position in shares of Equinox Gold in the 3rd quarter worth approximately $43,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Equinox Gold in the 4th quarter worth about $50,000. Kiker Wealth Management LLC bought a new position in shares of Equinox Gold in the 4th quarter worth about $58,000. Synovus Financial Corp purchased a new position in Equinox Gold during the 3rd quarter valued at about $61,000. Finally, Choreo LLC purchased a new stake in Equinox Gold in the fourth quarter worth about $63,000. 38.85% of the stock is owned by hedge funds and other institutional investors.
Equinox Gold Stock Up 0.3 %
EQX stock traded up $0.02 during midday trading on Tuesday, hitting $6.93. The company's stock had a trading volume of 2,830,701 shares, compared to its average volume of 9,784,900. The firm's 50-day moving average is $6.63 and its 200-day moving average is $5.96. 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 12 month low of $4.48 and a 12 month high of $7.24. The company has a market cap of $3.16 billion, a PE ratio of 12.82 and a beta of 1.33.
Analyst Ratings Changes
Several analysts recently weighed in on the company. TD Cowen began coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price target on the stock. TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th. Finally, National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.
Check Out Our Latest Research Report on Equinox Gold
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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