Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New $299,000 Investment in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 59,300 shares of the company's stock, valued at approximately $299,000. Equinox Gold makes up about 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 17th largest position.

Several other large investors have also recently made changes to their positions in EQX. The Manufacturers Life Insurance Company grew its holdings in shares of Equinox Gold by 212.9% during the third quarter. The Manufacturers Life Insurance Company now owns 932,050 shares of the company's stock valued at $5,681,000 after buying an additional 634,210 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Equinox Gold during the 3rd quarter valued at $684,000. Northwest & Ethical Investments L.P. increased 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 worth $151,000 after purchasing an additional 4,198 shares in the last quarter. Maple Rock Capital Partners Inc. raised its stake in shares of Equinox Gold by 34.4% in the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company's stock worth $55,842,000 after purchasing an additional 2,349,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Equinox Gold during the third quarter valued at $1,343,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EQX shares. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a research report on Friday, March 21st. TD Securities raised shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen assumed coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They set a "hold" rating and a $35.00 price target on the stock.

Equinox Gold Stock Down 0.6 %

NYSEAMERICAN:EQX traded down $0.04 during trading hours on Wednesday, hitting $6.67. 4,793,132 shares of the stock traded hands, compared to its average volume of 4,829,043. The firm has a 50 day moving average of $6.53. 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 stock has a market capitalization of $3.04 billion, a P/E ratio of 12.35 and a beta of 1.33. Equinox Gold Corp. has a 1 year low of $4.48 and a 1 year high of $7.24.

About Equinox Gold

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.