Equinox Gold Corp. $EQX Shares Acquired by Ruffer LLP

Ruffer LLP boosted its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 15.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,651,889 shares of the company’s stock after acquiring an additional 1,152,288 shares during the quarter. Equinox Gold makes up 5.4% of Ruffer LLP’s investment portfolio, making the stock its 2nd biggest position. Ruffer LLP’s holdings in Equinox Gold were worth $96,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Capital Advisory LLC purchased a new position in Equinox Gold in the second quarter valued at about $25,000. SBI Securities Co. Ltd. raised its holdings in Equinox Gold by 2,054.6% in the second quarter. SBI Securities Co. Ltd. now owns 4,697 shares of the company’s stock valued at $27,000 after acquiring an additional 4,479 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Equinox Gold in the second quarter valued at $58,000. Astoria Portfolio Advisors LLC. bought a new position in Equinox Gold during the 2nd quarter valued at $69,000. Finally, Farther Finance Advisors LLC acquired a new position in Equinox Gold during the 2nd quarter worth $69,000. 38.85% of the stock is owned by hedge funds and other institutional investors.

Equinox Gold Stock Up 1.7%

Equinox Gold stock opened at $17.12 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.62 and a current ratio of 1.07. Equinox Gold Corp. has a one year low of $5.59 and a one year high of $17.20. The company has a 50-day simple moving average of $14.32 and a 200-day simple moving average of $11.23. The firm has a market capitalization of $13.45 billion, a P/E ratio of 342.47 and a beta of 1.25.

Equinox Gold (NYSEAMERICAN:EQX) last posted its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Equinox Gold had a net margin of 2.71% and a return on equity of 5.57%. The firm had revenue of $819.01 million during the quarter, compared to analyst estimates of $607.81 million. The firm’s revenue was up 91.2% compared to the same quarter last year. As a group, equities analysts expect that Equinox Gold Corp. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

EQX has been the topic of a number of recent analyst reports. Cibc World Mkts upgraded shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Monday. Zacks Research lowered Equinox Gold from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Cibc Captl Mkts downgraded Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Equinox Gold Profile

Equinox Gold Corp is a Canadian gold mining company headquartered in Vancouver, British Columbia. The company focuses on the acquisition, development, and operation of gold properties, with an emphasis on open-pit heap leach mining. Since its inception, Equinox Gold has pursued a strategy of combining assets in established jurisdictions to build a diversified portfolio that balances production and growth, while maintaining rigorous safety and environmental standards.

Equinox Gold’s operating portfolio spans three countries.