Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. increased its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 70.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,600 shares of the company’s stock after acquiring an additional 132,600 shares during the period. Intact Investment Management Inc. owned about 0.07% of Equinox Gold worth $1,615,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EQX. CIBC Asset Management Inc raised its position in Equinox Gold by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 520,879 shares of the company’s stock valued at $3,179,000 after purchasing an additional 17,732 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Equinox Gold by 212.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 932,050 shares of the company’s stock valued at $5,681,000 after purchasing an additional 634,210 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Equinox Gold in the 3rd quarter valued at about $684,000. Northwest & Ethical Investments L.P. raised its position in Equinox Gold by 20.4% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock valued at $151,000 after purchasing an additional 4,198 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in Equinox Gold by 34.4% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock valued at $55,842,000 after purchasing an additional 2,349,000 shares in the last quarter. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. TD Securities raised Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen assumed coverage on Equinox Gold in a research report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price target on the stock.

Equinox Gold Stock Performance

EQX opened at $6.74 on Friday. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.22. The stock has a market cap of $3.07 billion, a P/E ratio of 12.48 and a beta of 1.33. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $6.15.

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.