Pictet Asset Management Holding SA Grows Stake in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Pictet Asset Management Holding SA grew its holdings in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,193 shares of the company’s stock after buying an additional 1,956 shares during the period. Pictet Asset Management Holding SA’s holdings in Equinox Gold were worth $308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Helikon Investments Ltd bought a new position in Equinox Gold in the fourth quarter worth about $8,559,000. Norges Bank purchased a new position in shares of Equinox Gold during the 4th quarter worth approximately $5,304,000. Wellington Management Group LLP bought a new position in shares of Equinox Gold in the 3rd quarter worth approximately $5,570,000. Raymond James Financial Inc. purchased a new position in shares of Equinox Gold in the 4th quarter valued at approximately $3,085,000. Finally, Amundi boosted its position in shares of Equinox Gold by 19.7% during the fourth quarter. Amundi now owns 2,885,004 shares of the company’s stock valued at $14,483,000 after purchasing an additional 474,361 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Analyst Ratings Changes

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

Equinox Gold Trading Up 3.8 %

Equinox Gold stock opened at $6.49 on Friday. Equinox Gold Corp. has a 12 month low of $4.48 and a 12 month high of $7.24. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 12.02 and a beta of 1.33. The business’s fifty day simple moving average is $6.59 and its two-hundred day simple moving average is $5.95. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.37.

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.