Maple Rock Capital Partners Inc. Trims Holdings in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Maple Rock Capital Partners Inc. decreased its position in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 4.5% during the fourth quarter, Holdings Channel reports. The fund owned 8,753,400 shares of the company’s stock after selling 416,000 shares during the period. Equinox Gold makes up about 1.3% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 12th biggest holding. Maple Rock Capital Partners Inc.’s holdings in Equinox Gold were worth $43,942,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQX. Pictet Asset Management Holding SA grew its holdings in Equinox Gold by 3.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 61,193 shares of the company’s stock valued at $308,000 after purchasing an additional 1,956 shares during the period. Wells Fargo & Company MN raised its stake in Equinox Gold by 16.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,358 shares of the company’s stock valued at $102,000 after purchasing an additional 2,855 shares in the last quarter. Kohmann Bosshard Financial Services LLC lifted its holdings in shares of Equinox Gold by 10.6% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 36,000 shares of the company’s stock valued at $181,000 after acquiring an additional 3,450 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in shares of Equinox Gold by 22.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 30,224 shares of the company’s stock worth $152,000 after purchasing an additional 5,474 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Equinox Gold by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 178,818 shares of the company’s stock valued at $911,000 after acquiring an additional 6,351 shares during the period. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQX. 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 research note on Tuesday, February 4th. Finally, TD Cowen assumed coverage on Equinox Gold in a report on Tuesday, February 4th. They set a “hold” rating and a $35.00 price objective for the company.

Equinox Gold Price Performance

NYSEAMERICAN:EQX opened at $6.35 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 11.76 and a beta of 1.33. Equinox Gold Corp. has a 52 week low of $4.48 and a 52 week high of $7.45. The stock’s 50-day moving average price is $6.66 and its 200-day moving average price is $6.04. 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 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.