Quantbot Technologies LP raised its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 129.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,627 shares of the company's stock after buying an additional 145,379 shares during the period. Quantbot Technologies LP owned about 0.06% of Equinox Gold worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC grew its stake in shares of Equinox Gold by 10.6% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 36,000 shares of the company's stock worth $181,000 after acquiring an additional 3,450 shares in the last quarter. Northwest & Ethical Investments L.P. grew its position 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 worth $151,000 after purchasing an additional 4,198 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Equinox Gold in the 3rd quarter valued at about $43,000. Bard Associates Inc. lifted its position in shares of Equinox Gold by 1.7% during the 4th quarter. Bard Associates Inc. now owns 466,975 shares of the company's stock worth $2,344,000 after buying an additional 7,680 shares in the last quarter. Finally, Synovus Financial Corp bought a new stake in Equinox Gold during the third quarter worth $61,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.
Equinox Gold Stock Down 3.2 %
NYSEAMERICAN:EQX traded down $0.23 during mid-day trading on Friday, hitting $6.87. 12,675,663 shares of the stock traded hands, compared to its average volume of 4,770,218. The company has a market cap of $3.13 billion, a P/E ratio of 12.72 and a beta of 1.33. Equinox Gold Corp. has a 12-month low of $4.48 and a 12-month high of $7.23. The firm's 50-day moving average is $6.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on EQX. TD Cowen started coverage on Equinox Gold in a research report on Tuesday, February 4th. They set a "hold" rating and a $35.00 target price for the company. TD Securities upgraded shares of Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th. Finally, National Bank Financial upgraded Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st.
Check Out Our Latest Stock Analysis 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.
Further Reading
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