Dynamic Technology Lab Private Ltd Takes $422,000 Position in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 84,032 shares of the company’s stock, valued at approximately $422,000.

Several other institutional investors and hedge funds have also made changes to their positions in EQX. Donald Smith & CO. Inc. boosted its position in Equinox Gold by 49.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 26,999,983 shares of the company’s stock valued at $135,540,000 after purchasing an additional 8,949,544 shares in the last quarter. Helikon Investments Ltd purchased a new position in shares of Equinox Gold in the fourth quarter worth about $8,559,000. Norges Bank purchased a new position in Equinox Gold during the 4th quarter worth approximately $5,304,000. Wellington Management Group LLP purchased a new position in shares of Equinox Gold during the third quarter worth $5,570,000. Finally, Raymond James Financial Inc. purchased a new stake in Equinox Gold in the fourth quarter valued at $3,085,000. 38.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Equinox Gold Stock Down 1.2 %

Shares of EQX opened at $5.69 on Wednesday. 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 52-week low of $4.48 and a 52-week high of $7.24. The stock has a fifty day simple moving average of $6.55 and a two-hundred day simple moving average of $5.93. The company has a market capitalization of $2.59 billion, a PE ratio of 10.54 and a beta of 1.33.

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.