Ruffer LLP Raises Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Ruffer LLP increased its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 302.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 603,270 shares of the company’s stock after acquiring an additional 453,270 shares during the quarter. Ruffer LLP owned about 0.13% of Equinox Gold worth $3,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new position in shares of Equinox Gold in the third quarter worth $43,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Equinox Gold during the fourth quarter valued at about $50,000. Synovus Financial Corp bought a new stake in shares of Equinox Gold during the third quarter valued at about $61,000. Choreo LLC bought a new position in shares of Equinox Gold in the fourth quarter valued at approximately $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Equinox Gold during the third quarter valued at approximately $110,000. 38.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Equinox Gold Trading Up 2.5 %

Equinox Gold stock opened at $6.66 on Friday. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.22. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $6.01. The company has a market capitalization of $3.03 billion, a P/E ratio of 12.33 and a beta of 1.33.

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.