Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 22.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,224 shares of the company’s stock after buying an additional 5,474 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Equinox Gold were worth $152,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EQX. Maple Rock Capital Partners Inc. increased its holdings in 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 buying an additional 2,349,000 shares in the last quarter. Helikon Investments Ltd purchased a new position in shares of Equinox Gold in the 4th quarter valued at about $8,559,000. Wellington Management Group LLP acquired a new position in Equinox Gold in the 3rd quarter worth about $5,570,000. The Manufacturers Life Insurance Company boosted its position in Equinox Gold by 212.9% during the third quarter. The Manufacturers Life Insurance Company now owns 932,050 shares of the company’s stock worth $5,681,000 after purchasing an additional 634,210 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Equinox Gold in the fourth quarter valued at approximately $3,085,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

EQX has been the topic of several recent analyst reports. TD Cowen began coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 target price on the stock. TD Securities upgraded Equinox Gold to a “hold” rating in a report on Tuesday, February 4th.

Equinox Gold Price Performance

NYSEAMERICAN EQX opened at $6.84 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The firm has a market capitalization of $3.12 billion, a PE ratio of 12.67 and a beta of 1.33. The firm has a 50-day moving average of $6.34. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.22.

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.