Raymond James Financial Inc. acquired a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 614,589 shares of the company's stock, valued at approximately $3,085,000. Raymond James Financial Inc. owned about 0.14% of Equinox Gold as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC increased its stake in Equinox Gold by 10.6% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 36,000 shares of the company's stock valued at $181,000 after purchasing an additional 3,450 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in shares of Equinox Gold by 20.4% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company's stock valued at $151,000 after buying an additional 4,198 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Equinox Gold in the 3rd quarter valued at $43,000. Bard Associates Inc. raised its stake in 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 during the period. Finally, Synovus Financial Corp bought a new position in Equinox Gold during the third quarter worth about $61,000. Institutional investors and hedge funds own 38.85% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on EQX. TD Securities upgraded Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. TD Cowen started coverage on Equinox Gold in a research report on Tuesday, February 4th. They set a "hold" rating and a $35.00 price target for the company. Finally, National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st.
Check Out Our Latest Analysis on EQX
Equinox Gold Trading Down 1.6 %
Shares of Equinox Gold stock traded down $0.11 during trading hours on Wednesday, reaching $6.60. 8,699,347 shares of the company's stock were exchanged, compared to its average volume of 4,845,794. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The business's 50 day moving average is $6.54. The firm has a market cap of $3.01 billion, a PE ratio of 12.22 and a beta of 1.33. Equinox Gold Corp. has a fifty-two week low of $4.48 and a fifty-two week high of $7.24.
Equinox Gold Company Profile
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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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