International Assets Investment Management LLC increased its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) by 568.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 119,169 shares of the company’s stock after purchasing an additional 101,344 shares during the quarter. International Assets Investment Management LLC’s holdings in Equinox Gold were worth $583,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Mackenzie Financial Corp grew its position in Equinox Gold by 1,619.0% in the 3rd quarter. Mackenzie Financial Corp now owns 2,775,260 shares of the company’s stock valued at $11,679,000 after acquiring an additional 2,613,815 shares during the last quarter. American Century Companies Inc. grew its position in Equinox Gold by 3,396.3% in the 3rd quarter. American Century Companies Inc. now owns 1,397,829 shares of the company’s stock valued at $5,904,000 after acquiring an additional 1,357,849 shares during the last quarter. Van ECK Associates Corp grew its position in Equinox Gold by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 31,040,175 shares of the company’s stock valued at $131,296,000 after acquiring an additional 1,292,168 shares during the last quarter. CenterBook Partners LP grew its position in Equinox Gold by 26.6% in the 3rd quarter. CenterBook Partners LP now owns 1,855,635 shares of the company’s stock valued at $7,849,000 after acquiring an additional 389,521 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in Equinox Gold in the 3rd quarter valued at $1,226,000. Institutional investors own 38.85% of the company’s stock.
Equinox Gold Trading Down 8.6 %
Shares of EQX stock opened at $5.23 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.74 and a quick ratio of 0.88. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 58.11 and a beta of 1.32. Equinox Gold Corp. has a twelve month low of $3.95 and a twelve month high of $6.50.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on EQX. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of Equinox Gold in a report on Monday, April 8th. Desjardins upgraded Equinox Gold from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th.
View Our Latest Stock Analysis on EQX
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.
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