Bank of New York Mellon Corp Boosts Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Bank of New York Mellon Corp lifted its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 719.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,650 shares of the company’s stock after purchasing an additional 135,776 shares during the period. Bank of New York Mellon Corp’s holdings in Equinox Gold were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Maple Rock Capital Partners Inc. increased its stake in Equinox Gold by 34.4% during the 3rd 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 in the last quarter. National Bank of Canada FI boosted its stake 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 worth $13,938,000 after acquiring an additional 303,904 shares during the last quarter. Helikon Investments Ltd acquired a new stake in shares of Equinox Gold in the fourth quarter worth approximately $8,559,000. The Manufacturers Life Insurance Company increased its position in shares of Equinox Gold by 212.9% during the third quarter. The Manufacturers Life Insurance Company now owns 932,050 shares of the company’s stock worth $5,681,000 after purchasing an additional 634,210 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Equinox Gold in the 3rd quarter valued at $5,570,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Equinox Gold Stock Up 3.4 %

Shares of EQX opened at $7.00 on Wednesday. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week 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 business has a fifty day moving average of $6.40. The firm has a market cap of $3.19 billion, a P/E ratio of 12.96 and a beta of 1.33.

Analyst Ratings Changes

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

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.