Rathbones Group PLC Has $812,000 Stock Holdings in Equinox Gold Corp. $EQX

Rathbones Group PLC decreased its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX) by 34.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Ruffer LLP lifted its stake in Equinox Gold by 15.4% during the third quarter. Ruffer LLP now owns 8,651,889 shares of the company’s stock valued at $96,992,000 after buying an additional 1,152,288 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Equinox Gold in the third quarter worth approximately $6,991,000. Maple Rock Capital Partners Inc. raised its holdings in shares of Equinox Gold by 102.1% during the second quarter. Maple Rock Capital Partners Inc. now owns 14,308,748 shares of the company’s stock valued at $82,398,000 after acquiring an additional 7,229,260 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Equinox Gold by 70.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 941,985 shares of the company’s stock valued at $10,550,000 after acquiring an additional 390,000 shares during the period. Finally, Integrated Advisors Network LLC purchased a new stake in shares of Equinox Gold in the 3rd quarter valued at approximately $1,111,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EQX shares. Canadian Imperial Bank of Commerce raised shares of Equinox Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Scotiabank reissued an “outperform” rating on shares of Equinox Gold in a research note on Monday, January 26th. BMO Capital Markets restated an “outperform” rating on shares of Equinox Gold in a report on Tuesday, January 27th. Stifel Nicolaus initiated coverage on Equinox Gold in a research report on Tuesday, December 2nd. They issued a “buy” rating for the company. Finally, Zacks Research upgraded Equinox Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $17.00.

Equinox Gold Price Performance

Shares of NYSEAMERICAN:EQX opened at $16.51 on Tuesday. The stock has a market capitalization of $13.01 billion, a P/E ratio of 68.79 and a beta of 1.20. The business has a 50-day moving average of $15.68 and a two-hundred day moving average of $13.16. Equinox Gold Corp. has a fifty-two week low of $5.59 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.56 and a quick ratio of 1.27.

Equinox Gold Dividend Announcement

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