Rathbones Group PLC Sells 37,467 Shares of Equinox Gold Corp. $EQX

Rathbones Group PLC cut its position in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 34.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 72,526 shares of the company’s stock after selling 37,467 shares during the quarter. Rathbones Group PLC’s holdings in Equinox Gold were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new stake in Equinox Gold during the third quarter valued at about $208,000. Gabelli Funds LLC boosted its stake in Equinox Gold by 29.3% during the 3rd quarter. Gabelli Funds LLC now owns 2,638,355 shares of the company’s stock valued at $29,602,000 after purchasing an additional 598,500 shares during the period. Gamco Investors INC. ET AL grew its holdings in Equinox Gold by 214.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 190,060 shares of the company’s stock valued at $2,132,000 after buying an additional 129,535 shares during the last quarter. Amova Asset Management Americas Inc. grew its holdings in Equinox Gold by 13.8% in the 3rd quarter. Amova Asset Management Americas Inc. now owns 113,392 shares of the company’s stock valued at $1,271,000 after buying an additional 13,748 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Equinox Gold by 10.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,819,778 shares of the company’s stock worth $143,841,000 after buying an additional 1,187,823 shares during the period. Institutional investors and hedge funds own 38.85% of the company’s stock.

Analyst Ratings Changes

EQX has been the subject of several research reports. Canadian Imperial Bank of Commerce raised Equinox Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Zacks Research raised shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Scotiabank reiterated an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. Finally, Stifel Nicolaus began coverage on Equinox Gold in a research note on Tuesday, December 2nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Equinox Gold presently has an average rating of “Buy” and an average target price of $17.00.

Equinox Gold Trading Down 0.7%

EQX stock opened at $16.51 on Tuesday. Equinox Gold Corp. has a 1-year low of $5.59 and a 1-year high of $18.96. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $15.68 and its 200-day moving average is $13.16. The firm has a market cap of $13.01 billion, a P/E ratio of 68.79 and a beta of 1.20.

Equinox Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, March 12th.

About Equinox Gold

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.