Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 6.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 245,910 shares of the company’s stock after selling 18,293 shares during the quarter. Moran Wealth Management LLC’s holdings in Equinox Gold were worth $1,238,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EQX. Hobbs Group Advisors LLC acquired a new stake in shares of Equinox Gold in the third quarter valued at about $43,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Equinox Gold during the 4th quarter valued at about $50,000. Synovus Financial Corp acquired a new stake in Equinox Gold in the 3rd quarter valued at about $61,000. Choreo LLC acquired a new stake in Equinox Gold in the 4th quarter valued at about $63,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Equinox Gold in the 3rd quarter worth approximately $110,000. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

Equinox Gold Trading Up 5.0 %

Equinox Gold stock opened at $6.57 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.99 billion, a PE ratio of 12.17 and a beta of 1.33. The stock’s 50-day moving average price is $6.05. Equinox Gold Corp. has a 12-month low of $4.48 and a 12-month high of $7.22.

Analyst Upgrades and Downgrades

EQX has been the subject of a number of analyst reports. TD Cowen assumed coverage on Equinox Gold in a research report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 price target for the company. TD Securities upgraded Equinox Gold to a “hold” rating in a report on Tuesday, February 4th.

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.