Equinox Gold Corp. (NYSEAMERICAN:EQX) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 178,818 shares of the company’s stock after purchasing an additional 6,351 shares during the period. Geode Capital Management LLC’s holdings in Equinox Gold were worth $911,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in Equinox Gold by 5.6% in the 3rd quarter. Barclays PLC now owns 407,582 shares of the company’s stock valued at $2,482,000 after buying an additional 21,521 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Equinox Gold in the 3rd quarter valued at about $368,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Equinox Gold in the 3rd quarter valued at about $110,000. Synovus Financial Corp acquired a new stake in shares of Equinox Gold during the third quarter worth about $61,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Equinox Gold in the 3rd quarter valued at about $1,227,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EQX. TD Securities upgraded Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen started coverage on Equinox Gold in a research report on Tuesday, February 4th. They set a “hold” rating and a $35.00 price objective for the company. Finally, National Bank Financial raised shares of Equinox Gold to a “strong-buy” rating in a research report on Friday, March 21st.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $6.35 on Friday. The company has a 50-day simple moving average of $6.66 and a 200 day simple moving average of $6.04. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week high of $7.45. The company has a market capitalization of $2.89 billion, a PE ratio of 11.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

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.