Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Sold by Sprott Inc.

Sprott Inc. lowered its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,560,059 shares of the company’s stock after selling 480,811 shares during the quarter. Equinox Gold comprises approximately 2.3% of Sprott Inc.’s investment portfolio, making the stock its 11th biggest holding. Sprott Inc. owned 1.66% of Equinox Gold worth $38,038,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Donald Smith & CO. Inc. grew its position in Equinox Gold by 35.5% in the 3rd quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock valued at $109,927,000 after buying an additional 4,727,570 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Equinox Gold by 7.7% in the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock worth $247,549,000 after acquiring an additional 2,954,174 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings 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 valued at $55,842,000 after acquiring an additional 2,349,000 shares in the last quarter. Helikon Investments Ltd acquired a new position in shares of Equinox Gold during the fourth quarter valued at approximately $8,559,000. Finally, Wellington Management Group LLP bought a new stake in Equinox Gold during the third quarter worth approximately $5,570,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Trading Down 4.7 %

NYSEAMERICAN EQX opened at $6.48 on Wednesday. Equinox Gold Corp. has a 12 month low of $3.95 and a 12 month high of $7.22. The company has a market capitalization of $2.95 billion, a P/E ratio of 12.00 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EQX shares. TD Cowen initiated coverage on Equinox Gold in a research report on Tuesday, February 4th. They set a “hold” rating and a $35.00 price target on the stock. TD Securities raised Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th.

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.