Quantbot Technologies LP Raises Stock Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Quantbot Technologies LP lifted its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 129.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 257,627 shares of the company’s stock after purchasing an additional 145,379 shares during the period. Quantbot Technologies LP owned 0.06% of Equinox Gold worth $1,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EQX. The Manufacturers Life Insurance Company grew its holdings in Equinox Gold by 212.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 932,050 shares of the company’s stock worth $5,681,000 after acquiring an additional 634,210 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of Equinox Gold by 20.4% during the third 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. Maple Rock Capital Partners Inc. increased its holdings in Equinox Gold by 34.4% during 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 during the period. Quadrature Capital Ltd bought a new position in Equinox Gold in the third quarter worth approximately $1,343,000. Finally, Stifel Financial Corp purchased a new stake in Equinox Gold during the third quarter worth $1,388,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Down 1.0 %

NYSEAMERICAN:EQX opened at $6.77 on Tuesday. The stock has a market capitalization of $3.08 billion, a PE ratio of 12.54 and a beta of 1.33. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.22. 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 company’s 50 day moving average price is $6.37.

Analyst Upgrades and Downgrades

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

Equinox Gold Company 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.