Equinox Gold Corp. (NYSEAMERICAN:EQX) is Donald Smith & CO. Inc.’s 10th Largest Position

Donald Smith & CO. Inc. raised its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 49.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,999,983 shares of the company’s stock after acquiring an additional 8,949,544 shares during the period. Equinox Gold makes up 3.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 10th biggest position. Donald Smith & CO. Inc. owned approximately 5.93% of Equinox Gold worth $135,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Equinox Gold by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company’s stock valued at $69,626,000 after acquiring an additional 236,455 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in shares of 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 purchasing an additional 2,349,000 shares in the last quarter. Amundi lifted its holdings in shares of Equinox Gold by 19.7% during the fourth quarter. Amundi now owns 2,885,004 shares of the company’s stock valued at $14,483,000 after purchasing an additional 474,361 shares in the last quarter. National Bank of Canada FI boosted its holdings in 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. Finally, American Century Companies Inc. boosted its stake in shares of Equinox Gold by 23.9% in the 4th quarter. American Century Companies Inc. now owns 1,943,677 shares of the company’s stock worth $9,790,000 after buying an additional 374,579 shares during the last quarter. 38.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $6.60 on Thursday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 12.22 and a beta of 1.33. 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 has a 50 day moving average of $6.54. Equinox Gold Corp. has a 1 year low of $4.48 and a 1 year high of $7.24.

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.