Equinox Gold Corp. (NYSEAMERICAN:EQX) Stock Position Reduced by Oxbow Advisors LLC

Oxbow Advisors LLC lessened its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,455 shares of the company’s stock after selling 4,140 shares during the quarter. Oxbow Advisors LLC’s holdings in Equinox Gold were worth $98,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC acquired a new position in Equinox Gold in the third quarter worth approximately $43,000. Joel Isaacson & Co. LLC bought a new stake in Equinox Gold in the third quarter worth approximately $61,000. Synovus Financial Corp acquired a new position in shares of Equinox Gold during the 3rd quarter worth $61,000. Choreo LLC bought a new position in shares of Equinox Gold during the 4th quarter valued at $63,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Equinox Gold during the 3rd quarter valued at $110,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Equinox Gold Stock Performance

Shares of Equinox Gold stock opened at $6.82 on Friday. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year 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 firm has a market capitalization of $3.11 billion, a PE ratio of 12.63 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.