Quantbot Technologies LP Invests $3.43 Million in Equinox Gold Corp. $EQX

Quantbot Technologies LP bought a new stake in shares of Equinox Gold Corp. (NYSEAMERICAN:EQX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 353,237 shares of the company’s stock, valued at approximately $3,433,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Korea Investment CORP bought a new position in shares of Equinox Gold during the second quarter valued at approximately $1,824,000. Bard Associates Inc. bought a new position in shares of Equinox Gold in the second quarter worth about $3,763,000. Caldwell Investment Management Ltd. purchased a new position in Equinox Gold in the 2nd quarter worth about $545,000. E Fund Management Co. Ltd. purchased a new position in Equinox Gold in the 2nd quarter worth about $221,000. Finally, Asahi Life Asset Management CO. LTD. bought a new stake in Equinox Gold during the 2nd quarter valued at about $299,000. Hedge funds and other institutional investors own 38.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EQX shares. Scotiabank restated an “outperform” rating on shares of Equinox Gold in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Equinox Gold in a research report on Thursday, July 16th. Royal Bank Of Canada dropped their target price on shares of Equinox Gold from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Zacks Research lowered shares of Equinox Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group raised shares of Equinox Gold from a “buy” rating to a “buy” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Equinox Gold currently has a consensus rating of “Buy” and an average price target of $13.00.

Equinox Gold Stock Performance

NYSEAMERICAN:EQX opened at $13.53 on Monday. The company has a 50 day moving average price of $10.21 and a 200 day moving average price of $12.88. Equinox Gold Corp. has a fifty-two week low of $7.77 and a fifty-two week high of $18.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.33. The stock has a market capitalization of $15.80 billion, a P/E ratio of 13.53 and a beta of 1.27.

Equinox Gold (NYSEAMERICAN:EQX) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $769.80 million for the quarter, compared to analyst estimates of $775.79 million. Equinox Gold had a return on equity of 10.91% and a net margin of 26.30%.The company’s revenue was up 60.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. Equities research analysts forecast that Equinox Gold Corp. will post 1.1 EPS for the current year.

Equinox Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.0225 per share. The ex-dividend date is Wednesday, August 19th. This is a positive change from Equinox Gold’s previous quarterly dividend of $0.01. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. Equinox Gold’s dividend payout ratio (DPR) is presently 16.67%.

Equinox Gold Company 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.