Bank of New York Mellon Corp Increases Stock Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Bank of New York Mellon Corp lifted its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 719.4% during the fourth quarter, Holdings Channel reports. The firm owned 154,650 shares of the company’s stock after acquiring an additional 135,776 shares during the quarter. Bank of New York Mellon Corp’s holdings in Equinox Gold were worth $776,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Maple Rock Capital Partners Inc. grew its stake in 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 buying an additional 2,349,000 shares during the last quarter. Helikon Investments Ltd acquired a new position in shares of Equinox Gold in the 4th quarter valued at $8,559,000. Wellington Management Group LLP purchased a new stake in Equinox Gold in the 3rd quarter valued at $5,570,000. The Manufacturers Life Insurance Company boosted its stake in Equinox Gold by 212.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 932,050 shares of the company’s stock worth $5,681,000 after purchasing an additional 634,210 shares during the period. Finally, National Bank of Canada FI grew its position in 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 during the last quarter. 38.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen initiated coverage on shares of Equinox Gold in a report on Tuesday, February 4th. They issued a “hold” rating and a $35.00 target price for the company. National Bank Financial upgraded shares of Equinox Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, TD Securities upgraded shares of Equinox Gold to a “hold” rating in a research report on Tuesday, February 4th.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $7.00 on Wednesday. Equinox Gold Corp. has a 1 year low of $4.48 and a 1 year high of $7.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The business has a fifty day simple moving average of $6.40. The stock has a market capitalization of $3.19 billion, a PE ratio of 12.96 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.