Sanctuary Advisors LLC Acquires Shares of 92,037 Equinox Gold Corp. (NYSEAMERICAN:EQX)

Sanctuary Advisors LLC acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 92,037 shares of the company's stock, valued at approximately $462,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EQX. Northwest & Ethical Investments L.P. grew its holdings in shares of Equinox Gold by 20.4% during the third 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 during the last quarter. Harvest Portfolios Group Inc. lifted its position in Equinox Gold by 5.2% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 108,963 shares of the company's stock worth $665,000 after buying an additional 5,418 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in Equinox Gold during the 3rd quarter worth about $43,000. Synovus Financial Corp acquired a new stake in Equinox Gold in the 3rd quarter valued at about $61,000. Finally, Geode Capital Management LLC raised its stake in shares of Equinox Gold by 6.7% in the third quarter. Geode Capital Management LLC now owns 172,467 shares of the company's stock worth $1,057,000 after acquiring an additional 10,886 shares during the last quarter. Institutional investors and hedge funds own 38.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen assumed coverage on Equinox Gold in a research note on Tuesday, February 4th. They set 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 report on Tuesday, February 4th.

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Equinox Gold Price Performance

Shares of EQX traded down $0.14 during midday trading on Thursday, hitting $6.53. The stock had a trading volume of 5,413,868 shares, compared to its average volume of 4,262,470. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 12.08 and a beta of 1.33. The firm has a 50 day moving average of $6.01. Equinox Gold Corp. has a twelve month low of $4.43 and a twelve month high of $7.22. 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 Profile

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.