114,878 Shares in Equinox Gold Corp. $EQX Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) during the third quarter, Holdings Channel.com reports. The fund bought 114,878 shares of the company’s stock, valued at approximately $1,287,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Capital Advisory LLC bought a new position in shares of Equinox Gold in the 2nd quarter worth $25,000. SBI Securities Co. Ltd. grew its position 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 worth $27,000 after acquiring an additional 4,479 shares in the last quarter. Smithfield Trust Co bought a new position in Equinox Gold in the third quarter valued at $43,000. Blueshift Asset Management LLC bought a new position in Equinox Gold in the second quarter valued at $74,000. Finally, VestGen Advisors LLC purchased a new stake in Equinox Gold during the second quarter valued at about $92,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce cut Equinox Gold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Equinox Gold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a report on Monday, January 26th. Finally, Stifel Nicolaus started coverage on shares of Equinox Gold in a research note on Tuesday, December 2nd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Equinox Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Equinox Gold Price Performance

Shares of Equinox Gold stock opened at $16.81 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.62. The business’s 50 day simple moving average is $14.94 and its two-hundred day simple moving average is $12.31. The stock has a market capitalization of $13.21 billion, a P/E ratio of 70.04 and a beta of 1.24. Equinox Gold Corp. has a one year low of $5.59 and a one year high of $17.65.

Equinox Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, March 12th.

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.