Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 9.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,197,205 shares of the company’s stock after selling 3,923,828 shares during the quarter. Van ECK Associates Corp owned approximately 8.17% of Equinox Gold worth $186,735,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EQX. National Bank of Canada FI grew its holdings 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 valued at $13,938,000 after purchasing an additional 303,904 shares during the period. Stifel Financial Corp purchased a new position in Equinox Gold during the 3rd quarter valued at about $1,388,000. Maple Rock Capital Partners Inc. grew its position in Equinox Gold by 34.4% in 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 in the last quarter. Donald Smith & CO. Inc. increased its stake in Equinox Gold by 35.5% during the third quarter. Donald Smith & CO. Inc. now owns 18,050,439 shares of the company’s stock worth $109,927,000 after purchasing an additional 4,727,570 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Equinox Gold during the third quarter worth about $684,000. 38.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQX. TD Cowen started coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price objective for the company. TD Securities raised Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $7.00 on Thursday. 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 stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 14.29 and a beta of 1.33. Equinox Gold Corp. has a 12-month low of $3.95 and a 12-month high of $7.03.

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.