Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New $299,000 Investment in Equinox Gold Corp. (NYSEAMERICAN:EQX)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 59,300 shares of the company’s stock, valued at approximately $299,000. Equinox Gold accounts for 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 17th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Equinox Gold by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 13,822,876 shares of the company’s stock valued at $69,626,000 after purchasing an additional 236,455 shares during the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Equinox Gold by 34.4% during the third quarter. Maple Rock Capital Partners Inc. now owns 9,169,400 shares of the company’s stock valued at $55,842,000 after buying an additional 2,349,000 shares during the period. Amundi lifted its stake in Equinox Gold by 19.7% in the fourth quarter. Amundi now owns 2,885,004 shares of the company’s stock worth $14,483,000 after acquiring an additional 474,361 shares during the period. National Bank of Canada FI lifted its stake in Equinox Gold by 15.3% in the third quarter. National Bank of Canada FI now owns 2,288,413 shares of the company’s stock worth $13,938,000 after acquiring an additional 303,904 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Equinox Gold by 23.9% in the fourth quarter. American Century Companies Inc. now owns 1,943,677 shares of the company’s stock valued at $9,790,000 after acquiring an additional 374,579 shares in the last quarter. Institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at $6.87 on Friday. Equinox Gold Corp. has a 1 year low of $4.48 and a 1 year high of $7.24. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 12.72 and a beta of 1.33. The stock has a 50-day simple moving average of $6.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.85.

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.