Choreo LLC Takes Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Choreo LLC purchased a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,713 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds have also recently added to or reduced their stakes in EQX. Donald Smith & CO. Inc. increased its position in Equinox Gold by 35.5% in 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. Van ECK Associates Corp grew its position in shares of Equinox Gold by 7.7% during the 3rd quarter. Van ECK Associates Corp now owns 41,121,033 shares of the company’s stock worth $247,549,000 after buying an additional 2,954,174 shares during the period. Maple Rock Capital Partners Inc. raised its stake 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 worth $55,842,000 after buying an additional 2,349,000 shares during the last quarter. Helikon Investments Ltd acquired a new position in Equinox Gold in the fourth quarter valued at approximately $8,559,000. Finally, Wellington Management Group LLP acquired a new position in Equinox Gold in the third quarter valued at approximately $5,570,000. Institutional investors own 38.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EQX. 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 research note on Tuesday, February 4th. They issued a “hold” rating and a $35.00 target price on the stock.

Equinox Gold Stock Down 3.3 %

Equinox Gold stock opened at $6.78 on Monday. 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 1-year low of $3.95 and a 1-year high of $7.09. The firm has a market capitalization of $3.09 billion, a P/E ratio of 13.84 and a beta of 1.33.

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.