Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. raised its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 8.9% during the fourth quarter, HoldingsChannel reports. The firm owned 233,360 shares of the company’s stock after purchasing an additional 19,059 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Equinox Gold were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. National Bank of Canada FI raised its stake in shares of Equinox Gold by 15.3% in the third quarter. National Bank of Canada FI now owns 2,288,413 shares of the company’s stock worth $13,938,000 after purchasing an additional 303,904 shares during the last quarter. Stifel Financial Corp purchased a new position in Equinox Gold during the 3rd quarter worth approximately $1,388,000. Maple Rock Capital Partners Inc. lifted its stake in Equinox Gold by 34.4% during 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 acquiring an additional 2,349,000 shares during the period. Quantbot Technologies LP acquired a new stake in Equinox Gold during the 3rd quarter valued at approximately $684,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Equinox Gold in the 3rd quarter valued at $1,227,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Performance

EQX stock opened at $6.71 on Wednesday. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.24. 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’s fifty day moving average price is $6.53. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 12.43 and a beta of 1.33.

Analysts Set New Price Targets

EQX has been the subject of a number of research reports. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen started coverage on Equinox Gold in a report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price objective for the company. Finally, National Bank Financial raised Equinox Gold to a “strong-buy” rating in a report on Friday, March 21st.

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.