Fourth Sail Capital LP Invests $726,000 in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Fourth Sail Capital LP bought a new position in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 144,705 shares of the company’s stock, valued at approximately $726,000. Equinox Gold accounts for about 0.2% of Fourth Sail Capital LP’s holdings, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQX. Hobbs Group Advisors LLC bought a new position in Equinox Gold during the 3rd quarter valued at approximately $43,000. Synovus Financial Corp bought a new position in shares of Equinox Gold during the third quarter valued at approximately $61,000. Choreo LLC purchased a new stake in Equinox Gold in the fourth quarter worth $63,000. Wilmington Savings Fund Society FSB bought a new stake in Equinox Gold in the third quarter valued at $110,000. Finally, Northwest & Ethical Investments L.P. increased its position in Equinox Gold by 20.4% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 24,750 shares of the company’s stock valued at $151,000 after purchasing an additional 4,198 shares during the period. 38.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen began coverage on shares of Equinox Gold in a research report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 target price for the company. TD Securities upgraded shares of Equinox Gold to a “hold” rating in a report on Tuesday, February 4th.

Equinox Gold Stock Performance

NYSEAMERICAN EQX opened at $6.42 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85. The company has a market cap of $2.93 billion, a P/E ratio of 11.89 and a beta of 1.33. Equinox Gold Corp. has a twelve month low of $4.00 and a twelve month high of $7.22.

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.