Gemsstock Ltd. Grows Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Gemsstock Ltd. raised its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,556,677 shares of the company’s stock after purchasing an additional 57,577 shares during the quarter. Equinox Gold accounts for approximately 2.6% of Gemsstock Ltd.’s portfolio, making the stock its 11th largest position. Gemsstock Ltd. owned about 0.56% of Equinox Gold worth $12,860,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in shares of Equinox Gold by 15.3% in the third quarter. National Bank of Canada FI now owns 2,288,413 shares of the company’s stock valued at $13,938,000 after purchasing an additional 303,904 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Equinox Gold in the third quarter valued at $1,388,000. JPMorgan Chase & Co. purchased a new position in Equinox Gold in the third quarter valued at $1,227,000. Charles Schwab Investment Management Inc. grew its stake in Equinox Gold by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 931,677 shares of the company’s stock worth $4,690,000 after purchasing an additional 17,886 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Equinox Gold during the 3rd quarter worth about $5,570,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Equinox Gold Trading Down 8.4 %

Shares of NYSEAMERICAN EQX opened at $6.01 on Friday. The stock has a market capitalization of $2.74 billion, a PE ratio of 11.13 and a beta of 1.33. Equinox Gold Corp. has a twelve month low of $4.48 and a twelve month high of $7.24. The company has a 50 day moving average price of $6.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

Analyst Ratings Changes

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

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.