SBI Securities Co. Ltd. Acquires Shares of 37,202 Equinox Gold Corp. (NYSEAMERICAN:EQX)

SBI Securities Co. Ltd. bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 37,202 shares of the company’s stock, valued at approximately $187,000.

A number of other hedge funds also recently made changes to their positions in EQX. Hobbs Group Advisors LLC purchased a new position in Equinox Gold in the third quarter valued at approximately $43,000. Synovus Financial Corp bought a new stake in shares of Equinox Gold in the third quarter valued at $61,000. Choreo LLC purchased a new position in shares of Equinox Gold during the 4th quarter valued at $63,000. Wilmington Savings Fund Society FSB bought a new position in shares of Equinox Gold during the 3rd quarter worth $110,000. Finally, Northwest & Ethical Investments L.P. increased its holdings 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 worth $151,000 after acquiring an additional 4,198 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on EQX. TD Securities raised shares of Equinox Gold to a “hold” rating in a report on Tuesday, February 4th. TD Cowen initiated coverage on shares of Equinox Gold in a research note on Tuesday, February 4th. They set a “hold” rating and a $35.00 price target on the stock.

Equinox Gold Price Performance

Equinox Gold stock opened at $6.50 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.22. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 12.04 and a beta of 1.33. The stock has a fifty day moving average of $6.01.

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.