Vanguard Group Inc. boosted its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,822,876 shares of the company's stock after purchasing an additional 236,455 shares during the period. Vanguard Group Inc. owned about 3.03% of Equinox Gold worth $69,626,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of EQX. Amundi grew its stake in Equinox Gold by 19.7% in the fourth quarter. Amundi now owns 2,885,004 shares of the company's stock worth $14,483,000 after purchasing an additional 474,361 shares in the last quarter. American Century Companies Inc. increased its stake in Equinox Gold by 23.9% during the fourth quarter. American Century Companies Inc. now owns 1,943,677 shares of the company's stock valued at $9,790,000 after purchasing an additional 374,579 shares during the last quarter. Helikon Investments Ltd bought a new position in shares of Equinox Gold in the 4th quarter worth about $8,559,000. Charles Schwab Investment Management Inc. grew its position in shares of Equinox Gold by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 931,677 shares of the company's stock valued at $4,690,000 after buying an additional 17,886 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Equinox Gold in the third quarter worth about $5,570,000. Institutional investors and hedge funds own 38.85% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. National Bank Financial raised shares of Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. TD Securities raised Equinox Gold to a "hold" rating in a research note on Tuesday, February 4th. Finally, TD Cowen began coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective on the stock.
View Our Latest Report on EQX
Equinox Gold Price Performance
Shares of NYSEAMERICAN:EQX traded up $0.23 on Wednesday, reaching $7.19. 3,998,706 shares of the company traded hands, compared to its average volume of 5,378,618. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The stock has a market capitalization of $3.28 billion, a PE ratio of 13.31 and a beta of 1.33. The company's 50 day moving average is $6.64 and its 200-day moving average is $5.96. Equinox Gold Corp. has a fifty-two week low of $4.48 and a fifty-two week high of $7.35.
Equinox Gold 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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