Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 931,677 shares of the company’s stock after buying an additional 17,886 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.20% of Equinox Gold worth $4,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. National Bank of Canada FI boosted its stake in Equinox Gold by 15.3% during 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 buying an additional 303,904 shares in the last quarter. Stifel Financial Corp acquired a new stake in Equinox Gold in the 3rd quarter valued at about $1,388,000. Maple Rock Capital Partners Inc. boosted its position in shares of 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 valued at $55,842,000 after purchasing an additional 2,349,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Equinox Gold in the 3rd quarter worth approximately $684,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Equinox Gold in the 3rd quarter worth approximately $1,227,000. 38.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a report on Tuesday, February 4th. TD Cowen started coverage on Equinox Gold in a research note on Tuesday, February 4th. They set a “hold” rating and a $35.00 price objective for the company. Finally, National Bank Financial raised Equinox Gold to a “strong-buy” rating in a research report on Friday, March 21st.

Equinox Gold Price Performance

Shares of EQX opened at $7.00 on Wednesday. The stock has a 50-day moving average price of $6.40. The firm has a market capitalization of $3.19 billion, a PE ratio of 12.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. Equinox Gold Corp. has a one year low of $4.48 and a one year high of $7.22.

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.