Gemsstock Ltd. bought a new position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 2,499,100 shares of the company’s stock, valued at approximately $13,045,000. Equinox Gold makes up 4.2% of Gemsstock Ltd.’s investment portfolio, making the stock its 9th biggest position.
Several other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI lifted its position in shares of Equinox Gold by 2.1% in the 4th quarter. National Bank of Canada FI now owns 789,237 shares of the company’s stock worth $3,711,000 after buying an additional 16,238 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Equinox Gold in the 4th quarter worth approximately $174,000. Dimensional Fund Advisors LP grew its stake in shares of Equinox Gold by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,840,693 shares of the company’s stock worth $33,452,000 after purchasing an additional 412,402 shares during the last quarter. Moran Wealth Management LLC grew its stake in shares of Equinox Gold by 32.4% in the 4th quarter. Moran Wealth Management LLC now owns 322,406 shares of the company’s stock worth $1,575,000 after purchasing an additional 78,884 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Equinox Gold in the fourth quarter worth approximately $80,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.
Equinox Gold Stock Down 4.8 %
Shares of EQX stock traded down $0.26 during trading hours on Friday, reaching $5.21. 3,156,075 shares of the stock traded hands, compared to its average volume of 2,841,905. Equinox Gold Corp. has a 1-year low of $3.95 and a 1-year high of $6.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.10 and a quick ratio of 0.45. The firm has a market capitalization of $2.23 billion, a P/E ratio of -57.88 and a beta of 1.31.
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.
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