Vestcor Inc Makes New Investment in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Vestcor Inc acquired 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 Securities and Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $1,004,000.

Several other large investors have also recently added to or reduced their stakes in EQX. National Bank of Canada FI grew its holdings in shares of Equinox Gold by 15.3% during the 3rd quarter. National Bank of Canada FI now owns 2,288,413 shares of the company’s stock worth $13,938,000 after purchasing an additional 303,904 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Equinox Gold during the 3rd quarter worth $1,388,000. Maple Rock Capital Partners Inc. grew its holdings 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 worth $55,842,000 after purchasing an additional 2,349,000 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Equinox Gold during the 3rd quarter worth $684,000. Finally, JPMorgan Chase & Co. acquired a new stake in Equinox Gold in the third quarter valued at about $1,227,000. Institutional investors own 38.85% of the company’s stock.

Equinox Gold Stock Down 0.6 %

NYSEAMERICAN:EQX opened at $6.74 on Friday. The company has a 50-day simple moving average of $6.15. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 12.48 and a beta of 1.33. 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 twelve month low of $4.48 and a twelve month high of $7.22.

Analysts Set New Price Targets

Several research firms recently weighed in on EQX. TD Securities raised Equinox Gold to a “hold” rating in a research note on Tuesday, February 4th. TD Cowen began coverage on Equinox Gold in a research note on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price objective on the stock.

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.