Phoenix Financial Ltd. purchased a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,200,000 shares of the company's stock, valued at approximately $11,044,000. Phoenix Financial Ltd. owned approximately 0.48% of Equinox Gold as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in Equinox Gold in the third quarter valued at approximately $43,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Equinox Gold during the 4th quarter valued at $50,000. Kiker Wealth Management LLC bought a new position in Equinox Gold during the fourth quarter worth $58,000. Synovus Financial Corp acquired a new position in shares of Equinox Gold in the third quarter valued at $61,000. Finally, Choreo LLC bought a new position in shares of Equinox Gold in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 38.85% of the company's stock.
Equinox Gold Price Performance
Shares of NYSEAMERICAN EQX traded up $0.01 during mid-day trading on Tuesday, reaching $6.92. The company had a trading volume of 4,820,777 shares, compared to its average volume of 5,360,899. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.24. The business's 50-day simple moving average is $6.63 and its 200 day simple moving average is $5.96. 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 cap of $3.15 billion, a price-to-earnings ratio of 12.81 and a beta of 1.33.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st. TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research report on Tuesday, February 4th. Finally, TD Cowen began coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price target for the company.
Get Our Latest Stock Analysis on EQX
Equinox Gold Company Profile
(
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.
Read More
Before you consider Equinox Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equinox Gold wasn't on the list.
While Equinox Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
