Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Sold by Virtu Financial LLC

Virtu Financial LLC cut its holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 62.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,650 shares of the company’s stock after selling 37,738 shares during the period. Virtu Financial LLC’s holdings in Equinox Gold were worth $114,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQX. The Manufacturers Life Insurance Company boosted its position in shares of Equinox Gold by 212.9% during the 3rd 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 during the period. Quantbot Technologies LP acquired a new stake in shares of Equinox Gold in the third quarter valued at $684,000. Northwest & Ethical Investments L.P. raised its holdings in shares of Equinox Gold by 20.4% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock valued at $151,000 after buying an additional 4,198 shares during the period. Maple Rock Capital Partners Inc. lifted 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 acquiring an additional 2,349,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Equinox Gold during the 3rd quarter valued at about $1,343,000. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analysts Set New Price Targets

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

Equinox Gold Trading Down 3.2 %

Shares of EQX opened at $6.87 on Monday. The business’s 50 day simple moving average is $6.49. Equinox Gold Corp. has a 12-month low of $4.48 and a 12-month high of $7.24. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 12.72 and a beta of 1.33. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37.

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.