Russell Investments Group Ltd. trimmed its position in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,223,471 shares of the company's stock after selling 221,529 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.49% of Equinox Gold worth $11,193,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC bought a new position in shares of Equinox Gold in the third quarter valued at about $43,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Equinox Gold in the 4th quarter valued at about $50,000. Kiker Wealth Management LLC bought a new position in Equinox Gold in the 4th quarter valued at about $58,000. Synovus Financial Corp acquired a new stake in Equinox Gold during the third quarter worth approximately $61,000. Finally, Choreo LLC bought a new stake in shares of Equinox Gold during the fourth quarter worth approximately $63,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.
Equinox Gold Price Performance
Shares of NYSEAMERICAN EQX traded up $0.24 during midday trading on Wednesday, reaching $7.20. The company's stock had a trading volume of 5,532,189 shares, compared to its average volume of 9,801,387. The company has a market cap of $3.28 billion, a P/E ratio of 13.32 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 $7.37. 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 business's 50 day moving average price is $6.64 and its two-hundred day moving average price is $5.96.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. TD Securities raised Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. National Bank Financial raised Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, TD Cowen initiated coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price target on the stock.
View Our Latest Research Report 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.
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