Raymond James Financial Inc. Buys New Shares in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Raymond James Financial Inc. acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 614,589 shares of the company’s stock, valued at approximately $3,085,000. Raymond James Financial Inc. owned 0.14% of Equinox Gold at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kohmann Bosshard Financial Services LLC grew its holdings in Equinox Gold by 10.6% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 36,000 shares of the company’s stock valued at $181,000 after buying an additional 3,450 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of Equinox Gold by 20.4% during the third quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock worth $151,000 after acquiring an additional 4,198 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of Equinox Gold in the 3rd quarter worth $43,000. Bard Associates Inc. increased its position in Equinox Gold by 1.7% during the 4th quarter. Bard Associates Inc. now owns 466,975 shares of the company’s stock valued at $2,344,000 after purchasing an additional 7,680 shares during the period. Finally, Synovus Financial Corp purchased a new stake in Equinox Gold during the third quarter worth $61,000. 38.85% of the stock is owned by institutional investors.

Equinox Gold Price Performance

Shares of NYSEAMERICAN EQX opened at $6.87 on Friday. The firm has a market cap of $3.13 billion, a P/E ratio of 12.72 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. Equinox Gold Corp. has a 1 year low of $4.48 and a 1 year high of $7.24. The business’s 50 day moving average price is $6.49.

Analyst Ratings Changes

A number of research firms have recently weighed in on EQX. National Bank Financial raised Equinox Gold to a “strong-buy” rating in a research report on Friday, March 21st. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th. Finally, 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.

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.